Politicians will often be able to gain from support of trade restrictions because
What will be an ideal response?
organized interest groups benefiting from the restrictions will make large contributions to political campaigns while most others will not feel strongly about the restrictions.
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Personal cognitive surplus and access to Web 2.0 has spurred the rise of a new collaborative ________ model.
a. social b. economic c. access d. adaptive e. none of the above
The equation of exchange states that the quantity of money multiplied by the number of times this money is spent in a given year must equal
A) nominal income. B) real income. C) real gross national product. D) velocity.
When income is $15,000, the amount of income income taxes owed is $2,000; when income increases to $20,000, the amount owed increases to $3,000. The marginal tax rate in this case is
A) 20 percent. B) 13.3 percent. C) 15 percent. D) 25 percent.
Which of the following would be counted as part of M1?
a. Money market deposit accounts b. Saving deposits c. Mutual funds d. Traveler's checks e. Time deposits