Five players are given $10 each and asked to contribute any portion of it to a group account. They are also told that the total collection will be doubled and distributed equally among each of them
In this case, the players are likely to contribute ________. A) $5 each
B) $10 each
C) $1 each
D) nothing
D
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A technological change that raises the value of marginal product of capital ________ the rental rate of capital because the ________
A) raises; supply curve of capital shifts leftward B) lowers; supply curve of capital shifts rightward C) raises; demand curve for capital shifts rightward D) lowers; demand curve for capital shifts leftward
It is often said that if we could get more individuals to study the issues and vote we could have significant change through the ballot box
While true in a technical sense, which of the following statements best explains why this outcome is ¬not likely to occur? a. Individuals have double-peaked preferences and thus cyclical majorities will be prevalent. b. Individuals are rationally ignorant and free ride off of the politically informed. c. Individuals form special interest groups to suppress those attempting to effect change. d. The electoral college stifles grassroots movements at all levels.