Since 1998, the U.S. federal government has continuously run a budget surplus

Which of the following is not correct concerning quotas?

a. The enactment of quotas rewards domestic producers with higher prices. b. The enactment of quotas creates opportunities for lobbyists to seek the perpetuation of quotas. c. Quotas on steel, textiles and apparel, and sugar have been in effect for several decades. d. Lobbying efforts by domestic producers and foreign exporters are vigorously fought by domestic consumers. e. The auctioning of quotas would reduce their attractiveness to foreign exporters.

The purchasing power of money and the price level vary:

A. inversely. B. directly during recessions but inversely during inflations. C. directly but not proportionately. D. directly and proportionately.