When a single candidate is chosen by majority vote in a democracy, the political systems _____
a. tend to become corrupted
b. tend to be two-party systems
c. tend to be one-party systems
d. tend to be three-party systems
b
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According to 2014 data on the U.S. population, which of the following was correct for the adult population of prime working age, ages 25-54?
a. Black females had higher labor-force participation rates and lower unemployment rates compared to white females. b. Black females had similar labor-force participation rates and higher unemployment rates compared to white females. c. Black females had both lower labor-force participation rates and lower unemployment rates compared to white females. d. Black females had lower labor-force participation rates and higher unemployment rates compared to white females.
Joe runs a business and needs to decide how many hours to stay open. Figure 2.2 illustrates his marginal benefit of staying open for each additional hour. Suppose that we observe Joe staying open 3 hours per day. If he is following the marginal principle, what must his marginal cost per hour be?
A. $24 B. $32 C. $40 D. $48