Special interest legislation is inefficient because of logrolling

a. True b. False


b

Economics

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Traffic congestion is an example of a negative externality because

A) motorists take into account all benefits while driving. B) motorists take into account all costs while driving. C) a motorist's cost of driving spills over and affects other motorists. D) a motorist's benefit from driving spills over and affects other motorists.

Economics

The United States first became a creditor nation in the year _______.

Fill in the blank(s) with the appropriate word(s).

Economics

Which of the following statements is TRUE about a vehicle currency?

A) It is widely used to denominate contracts made by parties who reside in the country that issues the vehicle currency. B) The dollar is sometimes called a vehicle currency because of its pivotal role in many foreign exchange deals. C) There is much skepticism that the euro will ever evolve into a vehicle currency on par with the dollar. D) The pound sterling, once second only to the dollar as a key international currency, is beginning to rise in importance. E) Vehicle currencies include nondeliverable currencies like the renminbi.

Economics

Non-traded securities are part of

A) direct but not indirect finance. B) indirect but not direct finance. C) direct and indirect finance. D) neither direct nor indirect finance.

Economics