Which of the following statements is true?
A. Special interest groups are more likely to push for policies that increase the size of the economic pie than to increase their slice of the pie.
B. Special interest groups are likely to push for policies that increase the size of their slice of the economic pie even if it means that the overall size of the economic pie will shrink.
C. Special interest groups are more likely to favor policies that increase the size of their slice of the economic pie than policies that favor economic growth.
D. a and c
E. b and c
Answer: E
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When a nation exports a good, its total surplus ________, and when it imports a good, its total surplus ________
A) increases; increases B) decreases; decreases C) increases; decreases D) decreases; increases E) does not change; does not change
If the graph shown represents Hanna's budget constraint, and the price of hairbands were to decrease, the slope of Hanna's budget constraint would become:
A. steeper, reflecting the fact that hairbands are now relatively less expensive.
B. flatter, reflecting the fact that hairbands are now relatively more expensive.
C. steeper, reflecting the fact that earrings are now relatively less expensive.
D. flatter, reflecting the fact that earrings are now relatively more expensive.
The consumer price index (CPI) is computed as the ratio of nominal GDP to real GDP
a. True b. False Indicate whether the statement is true or false
When specific monetary aggregates are targeted by the central banks, in the short run, interest rates become more volatile
Indicate whether the statement is true or false