According to economic theory, the political process tends to
A) benefit every participant equally.
B) harm every participant equally.
C) concentrate benefits in the hands of special interest groups and disperse the costs throughout the uninformed voters.
D) support public projects that clearly pass a strict benefit-cost analysis.
C
Economics
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Recently, new discount window lending procedures set a penalty rate that is normally __________ short-term market interest rates
A) just below B) above C) approximately equal to D) None of the above.
Economics
Until the Uruguay Round of trade negotiations, which of the following sectors were NOT included in the rules for international trade?
A) Steel and agriculture B) Agriculture and apparel C) Steel and textiles D) Automobiles and agriculture
Economics