Farmers receive a relative large amount of transfers per capita because _____
a. farming is in decline
b. there are more farmers than any other interest group
c. agriculture is a national priority
d. farming is the dominant industry in most rural Congressional districts
d
Economics
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When the price of tortilla chips rose by 10 percent, the quantity of tortilla chips sold fell 4 percent. This indicates that the demand for tortilla chips is
A) inelastic. B) perfectly inelastic. C) elastic. D) unit elastic.
Economics
If the Fed expects currency holdings to rise, it conducts open market ________ to offset the expected ________ in reserves
A) purchases; increase B) purchases; decrease C) sales; increase D) sales; decrease
Economics