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Under a democratic representative government, legislators will have a strong incentive to support the positions of well-organized special-interest groups because
1. These positions will be efficient - they will generate more benefits than costs.
2. These position will be favored by the majority of voters.
3. The special-interest voters are likely to be uninformed, while others will feel strongly about an issue.
4. The special-interest voters will feel strongly about an issue, while others are likely to be uninformed.
The 3-central coordination di fficulties any economic system must solve are, If at some value the quantity supplied exceeds the quantity demanded, then:
Northern Granite Corporation, a corporation in New England, installs granite counter tops in houses. When it 1st entered the business, price per foot for installing a granite counter top was $180 per square foot,
An integer programming model would be utilized in scheduling for high demand space in government buildings or classrooms or it can be used in high level budgeting for construction projects.
From the pressure data below, make a dot diagram. Mark the location of the mean and standard deviation. (You can use Excel or MATLAB to do this by plotting x-y data where all of the y points are 0. Minitab and R can also do this.)
a pharmaceutical company has a patent on a lung cancer treatment drug that gives them a monopoly over thenbsp
Consider two ways to protect your car from theft. The Club(a steering wheel lock) makes it difficult for a car theif to take your car. Lojack(a tracking system) makes it easier for the police to catch the car thief who has stolen it.
explain how banks are financial intermediaries. what are reserves? what are excess reserves? explain how the fed can
why cant all the balance of payments accounts be in surplus? what factors determine the demand for british pounds in
This is a total of one gallon per day for the two of them. Using this 1 gallon (or 3.78 liters equivalent) basis for three possible sources of drinking water, determine the monthly cost and present worth value for one year of use. For each source,..
According to an article entitled "Concepts of Price elasticities of Transport Demand and Recent Empirical Estimates," Journal of Transport Economics, the estimates of the price elasticity of demand for selected modes of transportation is as fol..
What will happen to the M1 money supply if it makes the loans in (b) above and those funds are deposited into another bank by the borrowers - part of an expansionary fiscal policy
Supermarkets frequently issue coupons that entitle consumers to a discount in selected products. Is this a promotional strategy, or simply a form of price discrimination?
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