A pair of jeans is rival but non-excludable

The rate of unemployment that occurs when the economy is producing its potential GDP _____

a. is called the natural rate of unemployment b. is zero c. is thought to be approximately 10% d. can be kept at zero through fiscal policy e. is equal to the rate of stagflation in most years

Elizabeth is the owner of a small business, and she is 35 years old. She doesn't smoke cigarettes, and she often spends her weekends with her family camping at the local state park. According to public choice theory, which of the following four politicians for a public office would Elizabeth be most likely to vote for in the upcoming election?

a. Politician A proposes increasing the tax on small businesses and using the money to provide additional benefits for the elderly. b. Politician B proposes increasing the tax on small businesses and using the money to improve the camping facilities at the state park. c. Politician C proposes increasing the excise tax on cigarettes and using the money to improve the camping facilities at the state park. d. Politician D proposes increasing the excise tax on cigarettes and using the money to provide additional benefits for the elderly.