In representative democracy, voters are ____________ and politicians are ______________

A. agents; principals
B. logrollers; principals
C. agents; employees
D. principals; agents

Answer: D

Economics

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What is the equilibrium condition in the loanable funds market?

a. S + G = IP - T b. S = IP + T - G c. S + IP = G - T d. S - T = IP + G e. S = IP + G - T

Economics

Currently, the U.S. net national debt is almost 60 percent of GDP, but this percentage is smaller than that of many fiscally healthy countries

a. True b. False Indicate whether the statement is true or false

Economics