Government officials facing the challenge of an election will tend to make decisions

A) acceptable to a majority whether or not the majority is informed on the issues.
B) expressing the public interest.
C) favoring the long run interests of the majority.
D) that reflect a high rate of time discount.

D

Economics

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Refer to the figure. Which of the long-run aggregate-supply curves is consistent with long-run equilibrium?

a. both LRAS2 and LRAS3 b. LRAS3 c. LRAS1 d. LRAS2

Economics

Which of the following four-firm concentration ratios would be the best indication of a perfectly competitive industry?

A) 2 percent B) 31 percent C) 78 percent D) 100 percent E) 50 percent

Economics