Some people argue that the three main television networks all have similar programming. If true, this observation might best be explained by the:

A. paradox of voting.
B. median-voter model.
C. law of diminishing marginal utility.
D. ability-to-pay principle.

Answer: B

Economics

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Even though a high portion of the public debt is held by older and wealthy individuals or institutions, the debt is paid for by increased taxes on

A) only those holding the actual debt. B) purchasers of gasoline and luxury items. C) all taxpayers. D) those who invest in the stock market.

Economics

Changes in the real interest rate affect all of the following components of aggregate expenditure except

A) consumption. B) investment. C) government purchases. D) net exports.

Economics