Even when preferences are _____, the _____ will produce a single winner
a. not single peaked; equilibrium
b. single peaked; log-rolling
c. cyclical; majority rule system
d. cyclical; primary system
d
Economics
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Automatic stabilizers stabilize the level of real GDP because:
a. Congress quickly changes spending and tax revenue. b. federal expenditures and tax revenues change as the level of real GDP changes. c. the spending and tax multiplier are constant. d. wages are controlled by the minimum wage law.
Economics
A fishing boat owner brings 50,000 fish to market and the market price is $4 per fish. Her average variable cost of 50,000 fish is $1 and the fixed cost of the boat is $100,000 . what is her profit per fish?
a. $1 b. $500 c. $5,000 d. $25,000 e. $500,000
Economics