Which of the following was a success of the Federal Election Campaign Act?
a. For 20 years, presidential candidates accepted limitations on fund-raising and campaign spending to receive federal matching funds.
b. Since the law was passed, virtually all campaign fund-raising and spending has been fully disclosed.
c. Since the law was passed, minor parties have had greater success in getting candidates elected.
d. For 20 years, challengers in congressional elections have had greater success in getting elected, thanks to limitations on campaign fund-raising and spending.
Answer: a
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How does Rodrik feel about the argument that imports from China have become the leading scapegoat for stagnant median wages in the United States?
a. He believes that China's promotion of manufacturing has not affected the U.S. economy at all. b. He believes that the Chinese trade surplus is a relatively small amount and is appropriately based on the typical GDP of a developing country. c. He disagrees with this statement because it does not take into account the opportunity cost of the labor and intellectual expertise in product development. d. He believes that China's current account surplus increases demand for goods produced in China at the cost of reducing demand elsewhere while complicating an economic recovery in the United States.