Which group does not benefit from trade when the U.S. imports leather?
A. Workers in the foreign leather industry.
B. U.S. consumers who purchase leather products.
C. Foreign leather producers.
D. Workers in the U.S. leather industry.
D. Workers in the U.S. leather industry.
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Which of the following will tend to increase velocity?
a. a decrease in the number of payments b. a decrease in inflation c. an increase in interest rates d. an increase in the money supply e. All of the above.
A politician, who wants to receive the maximum number of votes, spends 9 hours a week speaking to various groups. The table below shows his estimates of how time spent with each group will affect the number of votes he receives: 
Based on the information above, how should the politician allocate his speaking time?
A. 5 hours to LPM, 2 hours to TM, 2 hours to LCL B. 4 hours to LPM, 2 hours to TM, 3 hours to LCL C. 5 hours to LPM, 1 hours to TM, 3 hours to LCL D. 3 hours to LPM, 3 hours to TM, 3 hours to LCL
A year-long drought that destroys most of the summer's crops would be considered a:
A. short-run supply shock. B. long-run demand shock. C. long-run supply shock. D. short-run demand shock.
Which of the following is true?
A) The price charged by a monopolistically competitive firm is equal to the price charged by a perfectly competitive firm in the long run. B) The price charged by each firm in a monopolistically competitive market is equal in the long run. C) The profit earned by a firm in a monopolistically competitive market is equal to the profit earned by a firm in a perfectly competitive market in the long run. D) The profit earned by a firm in a monopolistically competitive market is equal to the profit earned by a monopolist in the long run.