The reason why consumers may not fight back against trade policy, even though they may be the biggest losers from trade, is because it is easier to organize a ______ group of people around a narrow interest versus a ______ group that has diffuse interests.
a. small; small
b. large; large
c. small; large
d. large; large
c. small; large
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Which of the following is most closely related to the "fair results" approach to fairness?
A) efficient resource use B) having an equal income distribution C) voluntary exchange D) the command system of allocating resources E) price hikes in a natural disaster
Which of the following counts as part of money?
A) $10,000 in gold bars B) $10,000 in government bonds C) $10,000 in a checking account D) $10,000 in corporate bonds
Using present value to calculate stock prices is ________ than using present value to calculate bond prices because ________
A) less accurate; coupon payments for bonds are known with certainty but dividend payments for stocks are not B) more accurate; coupon payments for bonds are known with certainty but dividend payments for stocks are not C) less accurate; dividend payments for stocks are known with certainty but coupon payments for bonds are not D) more accurate; dividend payments for stocks are known with certainty but coupon payments for bonds are not
During the period between 1960 and 1968 the poverty rate _______.
Fill in the blank(s) with the appropriate word(s).