If the firm is maximizing profits, it is producing ____ units of output and charging a price of ____.

Those economists who believe that the economy is self-regulating argue that wages are flexible, so they think that the economy can remove itself from a recessionary gap without government intervention

Indicate whether the statement is true or false

Which of the following predictions is consistent with public choice theory?

A) Voters will sometimes cast votes based on whether they like a candidate's personality, not on hard facts. B) Many voters will be uninformed on political and government issues. C) Much legislation will be special interest legislation. D) b and c E) a, b, and c