Governments can use public regulation to help solve information problems by:
A. mandating participation in a market or program.
B. making screening illegal.
C. mandating employers build a reputation before screening.
D. All of these statements are true.
A. mandating participation in a market or program.
You might also like to view...
If foreigners held U.S. assets worth $200 billion during a certain year and the value of the current account for that year was -$189 billion, the total volume of foreign assets held domestically was worth ________
A) $101 billion B) $389 billion C) $421 billion D) $211 billion
Arguments against the balanced budget amendment include all of the following EXCEPT
A) a balanced budget amendment would turn control of the federal budget over to the Judicial Branch. B) a balanced budget amendment would induce Congress to issue more mandates to states to increase spending. C) a balanced budget amendment would reduce the taxation burden on future generations. D) a balanced budget amendment would limit Congress from using fiscal policy during a recession.
Roughly what is the required reserve ratio within the U.S. banking system?
A) Less than 10 percent. B) 15% C) 25% D) 50% E) 90%
In the economic way of thinking, speculation can only occur
A) in a capitalist economy. B) in a society where time-travel is possible. C) under uncertainty. D) under perfect information. E) in an underground or illegal market system.