Median voter decisions may not yield efficient allocations of resources because:
a. votes are allocated differently than income.
b. externalities may cause private and social costs to diverge.
c. free riders will cause too few public goods to be produced.
d. the median voter may not be the same as the mean voter.
a
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Physical currency is ________ popular than e-cash, ________
A) less; and both are portable and recognizable B) more; and both are portable and recognizable C) more; but only physical currency is portable and recognizable D) more; and both are portable, untraceable and anonymous E) less; but both are portable, untraceable and anonymous
A graph shows that as fees to use ATM machines increase, people use them less frequently. The graph of this relationship would show
A) an inverse relationship. B) a negative relationship. C) a direct relationship. D) Both answers A and B are correct.