If Congress conducted public hearings to decide whether subsidies should be granted to the steel industry, taxpayers would not be well represented at the hearings because
A) no hearing room would be large enough to hold all the taxpayers who would want to testify.
B) single taxpayers do not have a large enough stake in the issue to justify the cost of attending the hearings.
C) taxpayers would not gain or lose, no matter how the issue was decided.
D) they are apathetic.
E) they know only money buys votes.
B
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Asset trades that deal with debt instruments are best described as
A) share of stock. B) exchange rate. C) receipts. D) factors. E) bonds or bank deposits.
Exhibit 5-6Use the table below to answer the following question(s). Nominal GDP GDP Year(billions) deflator Year 1 600 100.0 Year 21,000 133.3 Refer to Exhibit 5-6. Between Year 1 and Year 2, the general level of prices increased by approximately:
A. 16.7 percent. B. 33.3 percent. C. 66.7 percent. D. 133.3 percent.