Which term refers to members of Congress bundling unrelated laws together to benefit projects in their own districts?
a. Budget trading
b. Vote cycling
c. Logrolling
d. Pork-barrel spending
c. Logrolling
Logrolling is an action in which all members of a group of legislators agree to vote for a package of otherwise unrelated laws that they individually favor.
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How do economists compute the price elasticity of demand?
a) the percentage change in the price divided by the percentage change in quantity demanded b) the percentage change in income divided by the percentage change in the quantity demanded c) the percentage change in the quantity demanded divided by the percentage change in price d) the percentage change in the quantity demanded divided by the percentage change in income
Thailand's experience with pegging the baht to the dollar failed because the baht was ________ relative to the dollar, and China's experience with pegging the yuan to the dollar has run into difficulties because the yuan has been ________ relative to
the dollar. A) overvalued; undervalued B) undervalued; undervalued C) undervalued; overvalued D) overvalued; overvalued