A political structure's enfranchisement refers to:
A. the government's ability to expand its power.
B. which territories are restricted by particular laws.
C. who has the right to vote.
D. which territories are protected under particular laws.
Answer: C
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What does a current account deficit do that is positive for a nation?
What will be an ideal response?
A tariff on a product makes
a. domestic sellers better off and domestic buyers worse off. b. domestic sellers worse off and domestic buyers worse off. c. domestic sellers better off and domestic buyers better off. d. domestic sellers worse off and domestic buyers better off.
In the long run, an increase in the money supply
a. leaves prices and unemployment unchanged. b. raises prices and unemployment. c. raises prices and leaves unemployment unchanged. d. leaves prices unchanged and reduces unemployment.
When a small, initially closed country engages in free trade
A. its production-possibility curve shifts inward. B. it experiences a much slower economic growth. C. it always experiences a balanced growth. D. it is not likely to suffer from immiserizing growth.