Which of the following statements best summarizes the essence of ...

[joblessjake]

Which of the following statements best summarizes the essence of public choice analysis?
 a. Public choice analysis applies economic principles to political science issues.
 b. Public choice analysis applies political science principles to traditionally economic issues.
 c. Public choice analysis assumes that government leaders are primarily motivated by what is best for the community, unlike private interest groups.
  d. none of the above

Question 2

Suppose a U.S. importer agrees to pay a Japanese firm 55,000 yen for a shipment of goods. If the agreement is made when the exchange rate is 1 = 100, what is the change in the dollar value of the goods if the exchange rate changes to 1 = 110, on the payment-due date?
 a. -50
  b. 550,000
  c. -550,000
  d. 50
  e. -55,000

[mjenn52]

Answer to Question 1

a

Answer to Question 2

a

[joblessjake]

Thank you

[mjenn52]

No problemo