The graph shown shows a subsidy to buyers. Before the subsidy is put in place, the buyers bought ________ units and paid ________ for each of them.

Purchasing power parity is defined as

A) an equal value of money across currencies. B) a currency whose value rises. C) an equal value of interest rates across currencies. D) a currency whose value falls. E) a constant value for a currency.

In 2014, tire industry lobbyists pressured the United States government to consider imposing an additional tariff of up to 86% on top of the current 4% tariff on imported Chinese-made tires

This type of behavior where industry lobbyists attempt to influence law for their own economic advantage is called A) deadweight protection. B) blackmail. C) quota manipulation. D) rent seeking.