Even in democratic governments, we tend to have a problem with accountability due to the following reasons, except:
A. So many government activities are undertaken simultaneously
B. Civil-service protections apply to many bureaucrats
C. The electorate cannot monitor each and every action of the government
D. There is the markets' self-correcting mechanism in government
D. There is the markets' self-correcting mechanism in government
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Assume a small nation has the following statistics: its consumption expenditure is $15 million, investment is $2 million, government purchases of goods and services is $1 million, exports of goods and services to foreigners is $1 million, and imports
of goods and services from foreigners is $1.5 million. Calculate this nation's GDP.
Joe's income is $500, the price of food (F) is $2 per unit, and the price of shelter (S) is $100. Which of the following represents his marginal rate of transformation of food for shelter?
A) -5 B) -50 C) -.02 D) None of the above