A community has five voters who are interested in only one issue: the government's spending on local parks. If Andre would like the government to spend $12,000 on parks, Brandon prefers $7,000, Charlene prefers $4,000, Dennis prefers $2,000, and Ernie prefers $0, how much spending would a politician seeking to win the election select when running against one opponent?

The labor force participation rate is defined as

A) the percentage of the working-age population that is unemployed. B) the percentage of the working-age population that is employed. C) the percentage of the labor force that is employed. D) the percentage of the labor force that is unemployed. E) the percentage of the working-age population in the labor force.

The interest rate on loans made by banks in the market in which they lend and borrow reserves from each other for very short periods of time is known as the:

a. discount rate. b. legal reserve rate. c. federal funds rate. d. open market rate. e. margin rate.