Ann Marie is a Tea-Party Republican, but she decides to vote in the Democratic primary in order to vote against the most liberal candidate. This is an example of strategic voting
Indicate whether the statement is true or false
TRUE
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The De Beers diamond mining and marketing company of South Africa became one of the most profitable and longest-lived monopolies in history. Which of the following has always threatened De Beers' control of the diamond market?
A) At different times in the past some countries have banned the importation of diamonds from South Africa for political reasons. B) Competition from imitation diamonds. Technology has made it possible to make fake diamonds look exactly like real diamonds. C) Competition from other gemstones, including rubies and emeralds, that have become more popular over time. D) Since few diamonds are ever destroyed, De Beers has constantly faced possible competition from other firms reselling diamonds.
What does it mean when a country’s exchange rate weakens?
a. Its currency appreciates. b. Its currency gains in value. c. Its currency falls in value. d. Its currency buys more imports.
A farmer in Mexico purchases a tractor made in the U.S. This purchase is an example of
a. a U.S. import and a Mexican export b. a U.S. export and a Mexican import c. an export for both the U.S. and Mexico d. an import for both Mexico and the U.S.
If the spending multiplier is equal to 4, then a $25 initial increase in investment spending will lead to a:
A. $100 increase in real GDP. B. $1 decrease in real GDP. C. $1 increase in real GDP. D. $100 decrease in real GDP.