Minimum differentiation among the political parties suggests that

a) the platforms of the parties will tend to have few, if any, new ideas
b) the parties will offer few ideas on minimizing the size and scope of government
c) the platforms of the parties will tend to become similar as they try to appeal to a majority of voters
d) the platforms of the parties will tend to become dissimilar as they try to appeal to a loyal majority of voters

Ans: c) the platforms of the parties will tend to become similar as they try to appeal to a majority of voters

Economics

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Why did the classical economists think that large-scale unemployment was not possible in a market economy?

What will be an ideal response?

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When the yuan per dollar real exchange rate depreciates:

A) the U.S. net exports to China increase while the Chinese net exports to U.S. decrease. B) both the U.S. net exports to China and the Chinese net exports to U.S. increase. C) both the U.S. net exports to China and the Chinese net exports to U.S. decrease. D) the U.S. net exports to China decrease while the Chinese net exports to U.S. increase.

Economics