When majority rule voting is used to determine whether to purchase a public good,
A) the efficient outcome is not assured.
B) the median voter gets her way.
C) the sum of the marginal benefits is ignored.
D) All of the above.
D
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Which of the following statements about U.S. production is correct?
A. Construction accounts for a larger percentage of total production than does manufacturing. B. Real estate services account for 12.6 percent of the value of total pro-duction, larger than any other item of services or goods. C. Consumption goods and services represent 85 percent of U.S. produc-tion by value and that percentage doesn't fluctuate much. D. The manufacture of goods represents more than 50 percent of total production.
The occurrence of bank failures in the United States
a. ended after 1933 and the creation of the FDIC. b. increased dramatically during the Clinton administration. c. reappeared in intensity in the late 1990s and early 2000s. d. reappeared in the 1980s and early 1990s and again in 2006.