According to public choice theory, low voter turnouts may be the result of cost-benefit calculations on the part of voters

Ignoring any supply-side effects, when taxes are hiked, real GDP ________ and the price level ________

A) increases; rises B) decreases; rises C) increases; falls D) decreases; does not change E) decreases; falls

For a monopoly to be ________, the firm must realize economies of scale at a scale that is close to total demand in the market.

A. granted patents B. profitable C. a natural monopoly D. unregulated