Microsoft has just taken some senators out to dinner in Paris in a private jet. This is probably an example of an attempt to influence:

A. social forces.
B. political forces.
C. economic forces.
D. the price mechanism.

Answer: B

Economics

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According to the equation of exchange, if nominal GDP equals $6 trillion and the money supply equals $1 trillion, the velocity of money: a. must be 6

b. must be 1/6. c. must be 6 trillion. d. must be 1/6 trillion. e. cannot be determined unless we know the price level.

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A tariff is a tax imposed on ________ good.

A. a luxury B. a domestic C. an illegal D. an imported

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