The trend in recent years is that more and more governments
A) have been granting greater independence to their central banks.
B) have been reducing the independence of their central banks to make them more accountable for poor economic performance.
C) have mandated that their central banks focus on controlling inflation.
D) have required their central banks to cooperate more with their Ministers of Finance.
A
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Suppose at the start of an election season two candidates with extreme positions are running against each other. The median voter model predicts that each candidate will become more moderate because:
A. voters with extreme views will not switch loyalties, but voters in the middle will vote for the candidate whose views are closest to their own views. B. median voters will refuse to vote for a candidate who holds extreme views. C. the debates convince each candidate that the other position has some good points. D. voters with extreme views are less likely to vote than are voters with moderate views.
Specialization and international trade lead to
A. an enhanced level of consumption. B. an outward shift in the production possibilities curve. C. a lower opportunity cost of domestic production of all goods. D. an inward shift in the consumption possibilities frontier.