Protectionism is the use of ________ to protect domestic firms from foreign competition

Securities that banks sell and agree to repurchase are known as

A) federal funds. B) discount loans. C) repurchase agreements. D) NOW accounts.

(Consider This) Subsidies for mohair production illustrate:

A. why special-interest effects are often characterized by concentrated benefits and diffuse costs. B. why special-interest effects are often characterized by concentrated costs and diffuse benefits. C. that larger groups carry greater political weight than smaller groups. D. the moral hazard problem.