Which of the following would be considered special interest group?
a. National Rifle Association
b. Greenpeace
c. the U.S. sugar industry
d. all of the above
Question 2
If a bushel of corn sells for 2 in the United States and for 4,000 COP (Colombian peso) in Colombia, and if 1 dollar is worth 2,200 COP, then:
a. the corn is 400 COP more expensive in Colombia.
b. the corn is 400 COP cheaper in Colombia.
c. the price of a bushel of corn equals 2 in both the United States and Colombia.
d. the price of corn is 4,000 COP lower in Colombia than in the United States.
e. the price of corn is 0.20 lower in the United States than in Colombia.