Suppose Congress passes a law that states that the federal government will pay $100 to any American citizen who can pass a (reasonably simple) current political events test. It follows that
A) this raises the benefits of being rationally ignorant.
B) this raises the benefits of becoming informed and therefore will lower the degree of rational ignorance in society.
C) this raises the costs of being rationally ignorant.
D) b and c
E) none of the above
D
Economics
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A ham and cheese sandwich at the local deli costs $4.99 in 2005. If the CPI in 2005 was 90.0 and the CPI today is 121.0, the equivalent price for the ham and cheese sandwich today is
A) $6.71. B) $5.29. C) $4.99. D) $6.04. E) $5.54.
Economics
A consumer values a car at $525,00 . and a producer values the same car at $485,000 . If the transaction is completed at $510,000 . what level of tax rate will result in unconsummated transaction?
a. 1% b. 5% c. 3% d. 2%
Economics