From an economic point of view, _____ makes a lot of sense because it takes advantage of the gains produced by specialization
a. bicameral legislatures
b. representative democracy
c. proportionality in the House of Representatives
d. bureaucracy
b
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To calculate the revenue government receives when a tax is imposed on a good, multiply the
A) pre-tax equilibrium price by the pre-tax quantity. B) after-tax equilibrium price by the after-tax quantity. C) tax by the pre-tax quantity. D) tax by the after-tax quantity. E) after-tax equilibrium price by the after-tax quantity and then subtract the pre-tax equilibrium price multiplied by the pre-tax quantity.
In the United States, the percentage of part-time workers who would like full-time work
A) increases in recessions and decreases in expansions. B) changes very little from expansion to recession. C) in 2013 was almost 100 percent of all part-time workers. D) Both answers A and C are correct. E) Both answers B and C are correct.