When we apply economic analysis to democracies, it is reasonable ...

[abc]

When we apply economic analysis to democracies, it is reasonable to expect government policies to be serving
 
  A) many extremely partial or special interests.
  B) the interests of business generally.
  C) the interests of consumers.
  D) the interests of the majority.
  E) the interests of the people who most highly value the results of government actions.

Question 2

The percentage markups which sellers use
 
  A) are based on their estimates or guesses about marginal cost and marginal revenue for particular goods.
  B) are between 10 and 15 percent.
  C) are the same on all products of a single firm.
  D) differ between products but are the same on average for all firms.

[dajones82]

Answer to Question 1

A

Answer to Question 2

A