Suppose the current interest rate is 5% and you pay $250 for a bond. What is the total payment that should be made to you in one year?

According to public choice theory, tariffs, quotas, and other trade restrictions are primarily the result of the

a. political clout of foreigners. b. political clout of domestic consumers. c. political power of special interest groups. d. political desire for economic efficiency.

An example of a deficit item on the U.S. balance of payments is

A) the sale of a spark plug made by a U.S. firm in Michigan to a Nissan plant in Tennessee. B) the purchase of Japanese yen by a U.S. firm. C) a deposit in a bank in Chicago by the government of Saudi Arabia. D) the payment of a dividend by a British firm to a U.S. family.