A voter will tend to be more informed if the issue in question
A) affects everyone very little.
B) is complicated and difficult to understand.
C) has an intense and a direct effect on the voter.
D) is of special interest to a small group to which the voter does not belong.
C
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When the plans of buyers and sellers are fully coordinated
A) the market clears. B) there is neither a shortage nor surplus of a good. C) quantity demanded equals quantity supplied. D) all of the above are true.
Which of the following reasons explains why rich countries persistently restrict textile imports from poor countries?
A) The trade restrictions make textile consumers better off. B) The trade restrictions make workers in poor countries better off. C) The trade restrictions benefit an organized visible special interest in rich countries. D) Rich countries have a strong need for the revenue from these trade restrictions.
The natural rate of unemployment is that rate
A) below which the economy can never be. B) corresponding to full-employment. C) corresponding to a constant rate of inflation. D) which is zero.
Which of the following would cause an increase in the demand curve for oranges?
a. a freeze in Florida (a major orange producing state) b. a new machine that allows orange growers to harvest oranges faster c. a decrease in the price of apples d. an announcement by the FDA that oranges lowers cholesterol