Which statement is true?
A. Nations should strive for self-sufficiency.
B. The U.S. balance of trade has always been positive.
C. Our biggest trade deficit was a little over $150 billion.
D. Our balance of trade turned negative in the mid-1970s.
D. Our balance of trade turned negative in the mid-1970s.
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An open market purchase is where the Fed
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In The Distinguished Gentleman, Eddie Murphy plays a con man with a name similar to that of a long-running congressional representative. When the politician dies, Murphy runs for office using the politician's name: Jeff Johnson. He's careful not to go on camera but uses taglines in commercials such as "Johnson: The name you trust." He eventually achieves a slim victory. How does Murphy's character use voter ignorance to win the election?
A. He's expecting most voters not to investigate him too much. B. He's expecting most voters to neither investigate him too much nor know that their congressman died. C. He's expecting that most people won't remember his campaign promises. D. He's expecting most voters not to know their congressman died.
Prices are sticky as a result of
A. market competition. B. rational inattention. C. rational expectations. D. frequent information updates.