One reason for the success that firms have in getting the government to erect and maintain barriers to foreign competition is members of Congress who engage in ________, where members in districts with protected industries agree to trade votes on issues
that concern other members in order to uphold tariffs.
A) vote fixing
B) gerrymandering
C) logrolling
D) filibustering
Answer: C
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Saving is positive for all levels of disposable income
A) above zero. B) above where the consumption line intersects the 45-degree line. C) below where the consumption line intersects the 45-degree line. D) above where the consumption function intersects the vertical axis. E) above autonomous consumption.
In Figure 45.1, the (producer) surplus that employees get at the equilibrium wage-labor combination is 
Figure 45.1
A. ABC. B. BW*C. C. W*AC. D. OACL*.
Figure 7-7
In Figure 7-7 at 100 units, AVC equals
a.
8.
b.
800.
c.
100.
d.
1,000.
How do price and quantity return to their original equilibrium point after a fad has passed its peak of popularity?