A special interest issue is one that:
a. provides large private benefits and large social benefits
b. provides small private benefits and large social benefits.
c. provides large benefits to each of a small number of people and small costs to each of a large number of people.
d. provides small benefits to each of a small number of people and large costs to each of a large number of people.
c
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A binding price floor creates
a. deadweight loss. b. consumer surplus. c. producer surplus. d. deadweight gain.
The Fed is institutionally independent. A major disadvantage of this is that monetary policy
a. will always be coordinated with fiscal policy. b. is not subject to democratic control as other policies are. c. will never offset fiscal policy. d. cannot be changed once it has been instituted.
Which of the following is not included in the current account?
a. Imports of goods b. Exports of goods c. Unilateral transfers d. U.S. capital inflow and outflow
The question below are based on the following four sets of data-pairs: (1) A and B, (2) C and D, (3) E and F, and (4) G and H. In each set, the independent variable is in the left column and the dependent variable is in the right column
The vertical intercept is 12 in which of the above data sets?
A. 1
B. 2
C. 3
D. 4