Which of the following entities is able to sue a firm for alleged antitrust misbehavior in the U.S.?
a. Department of Illegal Affairs
b. Department of State
c. Department of Homeland Security
d. Department of Justice
e. Department of Labor
d
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One area of labor issues that the labor side agreement to NAFTA does not open to foreign consultation or investigation is
A) the use of child labor. B) worker exposure to unsafe conditions. C) minimum wages. D) worker's rights to organize. E) worker exposure to toxic hazards.
If fair insurance is offered to a risk-averse person, she will
A) buy enough insurance to eliminate all risk. B) not buy any insurance because it is overpriced. C) not buy any insurance since the marginal utility of the amount of the payment is positive. D) buy enough insurance to cover about half of the possible loss.
The average percentage markup in the economy
a. is of special interest in microeconomics b. fluctuates greatly from year to year c. depends on competitive conditions in the economy d. depends on the level of GDP e. increases as the interest rate increases
Which of the following questions is not answered by general equilibrium analysis?
A. What outcome is most desirable for the whole society? B. How will a change in one market affect another market? C. Can all markets simultaneously be in equilibrium? D. Are equilibria in different markets compatible with one another?