Which One of the Following Statements Is Accurate

question 51

Multiple Choice

Which one of the following statements is accurate?

• A) Most people's political opinions are latent and are only formed when needed.
• B) People only have strong and informed opinions on economic issues.
• C) Most people seek out information on political issues but often fail to comprehend what they read or hear.
• D) People typically have well-informed opinions on most issues because of the abundance of news and political information available on the Internet.

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Definitions:

Quota

A quota is a statistical measure representing a fixed minimum or maximum number of a particular group of people allowed to do something, such as immigrating to a country, or a limit placed on trade.

Bilateral Trade Agreement

A trade deal between two countries to give each other preferential trade terms, reduced tariffs, and increased access to each other's markets.

Free Trade

The exchange of goods and services between countries without restrictive quotas, tariffs, or other barriers.

Government Intervention

The action taken by government to affect or interfere with decisions made by individuals or groups in the economy to correct market failures and promote welfare.