Politicians will often be able to gain from support of trade restrictions because
A) foreigners benefiting from the restrictions will be a major source of political contributions.
B) organized interest groups benefiting from the restrictions will make large contributions to political campaigns while most others will not feel strongly about the restrictions.
C) the restrictions will lead to lower prices and substantial benefits for consumer groups.
D) the restrictions will generate substantial benefits for consumer groups at the expense of well-organized labor and industrial interests.
B) organized interest groups benefiting from the restrictions will make large contributions to political campaigns while most others will not feel strongly about the restrictions.
You might also like to view...
After the terrorist attacks on September 11, 2001, the United States began devoting substantial resources toward the War on Terrorism, homeland security, and relief efforts. Use the production possibilities curve to demonstrate how this might affect the production of other goods in the United States
What happens to long-run aggregate supply when there is an increase in the money supply?
a) It increases. b) It decreases. c) It stays the same. d) It fluctuates based on the changes in price levels.
The use of data in economic models is important because
A) the model's predictive value rests on supportive evidence from real-world data. B) the models are always complex in nature. C) models must analyze every possible angle of the problem. D) social problems analyzed by economists require long streams of data.
The labor-force participation rate shows the percentage of
A. non-institutionalized working-age people who are actually working or seeking employment. B. people who are not actively participating in meaningful economic activity. C. people not working, but who want to work. D. new entrants into the labor force.