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Don't need an explanation, just the answers! Please atleast answer the first 3, Thank you! Question 31 Many eligible voters who do vote do not

Don't need an explanation, just the answers! Please atleast answer the first 3, Thank you!

Question 31 Many eligible voters who do vote do not keep track of the performance records of candidates for public office. This is because _____ a) they try to evade taxes by shifting to the underground economy. b) they try to reap the benefits of consuming public goods without paying for them. c) they adopt a stance of rational ignorance. d) voters elect representatives, who make public choices that reflect constituents views.

Question 25 If 900 million shares of stock are traded on the New York Stock Exchange today at an average price of $100, then the total amount of money that can be raised by a corporation whose stock is traded on this exchange will be $90 billion. a) True b) False

Question 64 Recent research on the cost of protectionism indicates that international trade barriers _____ a) decrease the price of a good in the domestic market. b) slow the introduction of new goods and better technologies. c) give rise to unsustainable government deficits. d) increase the opportunity cost of production.

Question 71 During a year, the government of a country imposed a tariff on imported steel. The rationale behind this policy was that lower-priced imports had put the countrys established steel industries in jeopardy of closing. This government policy was based on _____ a) the declining industries argument. b) the antidumping argument. c) the infant industry argument. d) the national defense argument. e) the jobs and income argument. Question 72 Whenever the opportunity costs of goods are significantly different in different countries, there are gains from specialization and trade. a) True b) False Question 73 If production is subject to economies of scale, countries can gain from trade if each nation specializes in the production of a good. a) True b) False Question 74 A tariff is a tax on either imports or exports. a) True b) False Question 75 An import quota is a tax on imports. a) True b) False Question 76 Dumping refers to selling a commodity abroad at a price that is below its cost of production or below the price charged in the domestic market. a) True b) False Question 77 Quotas and tariffs discourage foreign governments from retaliating with quotas and tariffs of their own. a) True b) False

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