Which of the following is true of economic fluctuations?
a. They can be experienced by the world economy as well as by a single nation
b. They tend to be equal in length and intensity.
c. They reflect an economy's socio-political condition.
d. They tend to become more severe when the government attempts to stabilize an economy.
e. They have been completely offset by appropriate government policies during the last 40 years.
a
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Because collective action problems are ________ to solve, society often ________
A) relatively easy; handles the problems itself B) relatively easy; ignores the problems C) impossible; chooses to live with the problems D) difficult; requests help from the government
The idea that there is no voting system that can consistently make a fair choice among three or more candidates is a conclusion of
A) Arrow's impossibility theorem. B) the Condorcet paradox. C) the Voting Rights Act of 1965. D) the median voter theorem.