49.Which of the following is not true, according to public choice theory?

(A)Politicians are incentivized to do the best for the voters.

(B)Firms want to maximize profits.

(C)The Bureaucrats wants their departments to have more funding.

(D)Voters want to maximize public spending while minimizing their taxes.

50.Which of the following is the most logically sound proof in favour of God's existence?

(A)\Every society throughout human history has had some notion of God, and therefore God must exist."

(B)\I feel God's existence through the Holy Spirit, and therefore know that He exists."

(C)\Everything that begins to exist has a cause. The universe began to exist. Therefore, the universe has a cause, which I call God."

(D)\It is ridiculously unlikely that the universe just came into existence the way it is now, without some supernatural intervention. Therefore, God exists."

51.Which of the following NOT a method of incomplete induction?

(A)Via online surveys on SurveyMonkey.

(B)Online surveillance.

(C)Reading people's diaries.

(D)Polling every single person you're interested in.

52.The United States historically had the institution of slavery. This meant that there was a market for slaves. According to the textbook, what impact did Eli Whitney's invention of the cotton gin have on the market for slaves?

(A)Supply increased.

(B)Supply decreased.

(C)Demand increased.

(D)Demand decreased.

53.It is a Friday night, and you have an option between three distinct activities:

1.Enjoying a long walk with your dog.

2.Re-watching Game of Thrones.

3.Working out with your bros until you get pumped.

You hate Game of Thrones, but enjoy the other two activities; working out is your favorite. What is your opportunity cost of watching Game of Thrones?

(A)The pleasure from watching Game of Thrones.

(B)The pleasure from walking your dog.

(C)The pleasure of working out.

(D)The combined pleasure of all three activities.

54.The actress Betty White will probably die soon. What effect does this have on the market for Betty White memorabilia today?

(A)Supply increases.

(B)Supply decreases.

(C)Demand increases.

(D)Demand decreases.

55.Which of the following is the best example of inductive thinking?

(A)A mathematical proof of the Pythagorean Theorem.

(B)\All dogs are mammals. Tony is a dog. Therefore, Tony is a mammal."

(C)I hate Mondays.

(D)I asked around, and Brock University is where all the beauties are.