Logrolling creates a political market and campaign donations are the medium of exchange

a. True b. False

b

Economics

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The U.S. system of national income accounts was started in the

a. late 1800s to measure the effects of rapid industrialization b. mid-1910s to measure the effects of World War I on the economy c. early 1930s to keep track of national income and output d. early 1940s to keep track of output during World War II e. early 1950s to measure changes in post-World War II output and income

Economics

The real-income and the substitution effects reinforce each other by

A) increasing the consumption of good B when the price of A falls. B) increasing the consumption of both goods A and B when income increases. C) decreasing the consumption of good A when the price of good B falls. D) decreasing the consumption of good A when the price of good A increases.

Economics