A Proposed Bill That Would Abolish Tariffs on Imported Cheese

question 198

Multiple Choice

A proposed bill that would abolish tariffs on imported cheese, thereby hurting the dairy industry while benefiting U.S. cheese eaters, would most likely involve

• A) entrepreneurial politics.
• B) client-centered politics.
• C) interest group politics.
• D) majoritarian politics.
• E) plutocracy politics.

---

Definitions:

Indirect Quote

A foreign exchange rate quoted as the domestic currency per unit of the foreign currency.

Journal Entry

A record in the accounting ledger that represents a single financial transaction, showing debit and credit accounts affected.

Call Option

A financial contract giving the buyer the right, but not the obligation, to purchase an asset at a specified price within a certain time period.

Spot Exchange Rates

The current exchange rate at which a currency can be bought or sold for immediate delivery.