Politicians will often be able to gain from support of trade restrictions because
A) the restrictions will lead to lower prices and substantial benefits for consumer groups.
B) the restrictions will generate substantial benefits for consumer groups at the expense of well-organized labor and industrial interests.
C) organized interest groups benefiting from the restrictions will make large contributions to political campaigns while most others will not feel strongly about the restrictions.
D) foreigners benefiting from the restrictions will be a major source of political contributions.
C) organized interest groups benefiting from the restrictions will make large contributions to political campaigns while most others will not feel strongly about the restrictions.
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Which of the following information about fiat money is false? Fiat money
A) has little to no value except as money. B) serves as a medium of exchange. C) is backed by gold. D) is authorized by a central bank or governmental body.
If the price level were to rise from 160 to 200, in what direction and by how much would the value of a dollar change?
Suppose that an economy has 100 basic goods and services. If it were a barter economy it would need
A. many more prices than a money economy. B. a few more prices than a money economy. C. the same number of prices as a money economy. D. a few less prices than a money economy.
________ policy focuses on the nation's money supply, while ________ policy focuses on the government's budget.
A. Monetary; structural B. Monetary, fiscal C. Fiscal, monetary D. Fiscal, structural