If the U.S. government decides to increase military spending, one opportunity cost will be lower spending on education

If preferences are one-dimensional and preferences are single peaked, majority rule will result in selection of the project most favored by a. no one

b. the median voter. c. the average voter. d. everyone.

The rules of the GATT

a. apply only to domestic trade within a nation b. apply to both domestic trade within a nation and international trade with other nations c. apply only to trade among nations d. prohibit tariffs e. encourage high tariffs