What do most economists believe about international trade?
a. It benefits all participants with no one harmed in the country.
b. It benefits only big corporation but harms everyone else in a country.
c. It benefits the majority of people but some people are harmed.
d. It benefits no one and harms many people in the economy.
c. It benefits the majority of people but some people are harmed.
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Open market operations intended to offset movements in noncontrollable factors (such as float) that affect reserves and the monetary base are called
A) defensive open market operations. B) dynamic open market operations. C) offensive open market operations. D) reactionary open market operations.
A composite currency whose value is the average of the values of the U.S. dollar, the Japanese yen, the euro, and the British pound is known as a:
a. special drawing right. b. productive resource. c. standard of value. d. scarce diligence resource. e. scarce delivery resource.
Which of the following is an example of the consequences that go well beyond commonly reported and narrowly defined "environmental" effects?
a. spread of pests b. polluted air c. extinct species d. damaged beaches
Suppose at the start of an election season two candidates with extreme positions are running against each other. The median voter model predicts that each candidate will become more moderate because:
A. voters with extreme views will not switch loyalties, but voters in the middle will vote for the candidate whose views are closest to their own views. B. median voters will refuse to vote for a candidate who holds extreme views. C. the debates convince each candidate that the other position has some good points. D. voters with extreme views are less likely to vote than are voters with moderate views.