Which of the following items is included in the M1 money supply?
A) $10 bills in the Bank of America
B) a $5,000 student loan granted to a U.S. citizen
C) coins in a Pepsi vending machine, waiting to be used as change
D) a $5,000 line of credit on a newly graduated student's credit card
E) $1,500 in a student's saving account
C
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On November 7, 1996, the Distilled Spirits Council of the United States decided to end its voluntary ban on television and radio liquor advertisement. The ban on hard liquor advertising had been in effect since 1936 for radio and 1948 for television
Assuming that advertising is a prisoner's dilemma, and that if one company advertises, its competitors will also choose to spend money to advertise, did the lifting of this ban likely increase or decrease the profits of hard liquor companies? Briefly explain. What will be an ideal response?
The so-called pork-barrel politics refers to congressional members:
A. Trading votes with one another B. Receiving perks and freebies from businesses trying to sway their votes C. Paying close attention to the vocal special interest groups D. Inserting provisions for local narrow projects into comprehensive legislation