Need help with multiple choice

1. If elected officials prefer policy actions that make benefits available quickly while deferring costs, they will be inclined to favor a. an easier monetary policy to counter recession. b. increased appropriations to provide jobs for unemployed workers. c. a wage and price freeze to control inflation. d. all of the above. e. none of the above. 2. Government licensing of occupations or trades a. has usually been created over the objections of sellers in the licensed industry. b. is more often supported than opposed by the persons and firms to be regulated. c. is usually supported by legislators because they want to protect consumers against inferior-quality products. d. will not reduce competition if it merely imposes higher costs on potential entrants into the occupation or trade. 3. Gross domestic product does not measure a. the sum of the value added by producers at each stage of the production process. b. the total income received by producers for the services they supply. c. the total purchases of newly-produced final goods. d. the total welfare of the noninstitutional population. 4. If a firm can increase its sales only by lowering its price, then a. the firm is a price searcher. b. the firm's marginal revenue will be less than price. c. the demand curve for the firm's product is negatively sloped. d. All of above