A candidate who understands that in a two-person race the person closer to the center of the voter distribution will win is likely to
A) first take polls to figure out what the voters are thinking and then afterward propose policies that are consistent with the polls.
B) first put forth his or her views on a whole host of issues and then afterward take polls to see if the majority of voters agree with him.
C) speak in specific terms about what needs to be done.
D) a and c
E) b and c
A
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If firms are competitive, then labor-market discrimination
a. cannot exist in either the short run or the long run. b. will be more of a problem than if the market were monopolistic or imperfectly competitive. c. likely will not be a long-run problem unless customers exhibit discriminatory preferences or government maintains discriminatory policies. d. likely will be more of a problem in the long run than in the short run due to the zero-profit condition that characterizes long-run equilibrium for competitive firms.
Which of the following statements is normative?
A. Large budget deficits should be avoided. B. When the Federal Reserve increases the money supply, interest rates decrease. C. High taxes tend to decrease saving. D. A large budget surplus is likely to lower interest rates.