Two Candidates,Smith and Jones,are Running for the Same Political Office

question 20

Multiple Choice

Two candidates,Smith and Jones,are running for the same political office.Last night they were in a debate.It is generally accepted that Smith is perceived more to the left after the debate than before the debate.This is bad news for Jones if before the debate Smith was perceived

• A) too far right.
• B) too far left.
• C) as being in the middle of the political spectrum.
• D) b or c
• E) none of the above

---

Definitions:

Present Consumption

The act of using goods and services for immediate needs or desires, rather than saving or investing for future use.

Future Consumption

Planning or saving for the purchase of goods and services in the future, often involving trade-offs between current and future spending.

Currency Intervention

A government’s buying and selling of its own currency or foreign currencies to alter international exchange rates.

Foreign Exchange

The market where currencies are traded, allowing for the conversion of one currency into another.