The pursuit through government of a "transfer of wealth" at someone else's expense refers to:

A. logrolling.
B. rent-seeking behavior.
C. the paradox of voting.
D. the median-voter model.

Answer: B

Economics

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During the Obama administration, the development of low-cost batteries for electric cars received large amounts of federal funding in terms of subsidies. Meanwhile, American households gave a higher priority towards minimizing their environmental impact. Consider the market for zero-emissions electric vehicles where there is an upward-sloping supply curve and a downward-sloping demand curve. What will happen to the equilibrium price?

A. Price increases. B. Price decreases. C. Change is ambiguous. D. Price remains constant.

Economics

Suppose the exchange rate is 10 pesos per dollar and you use $1000 to purchase a one-year Mexican bond that pays 10% interest. Next year, the exchange rate is 11 pesos per dollar

Assuming you convert your funds back to U.S. dollars, how much money will you have in one year? A) $1000 B) $1100 C) $91 D) $0

Economics