The equilibrium level of regulation is _____
a. determined where marginal political gains to the special interests are equal to the marginal political costs of the foregone regulation
b. determined where the marginal benefits from the regulation are equal to the marginal costs of the regulation
c. determined where the marginal political benefits to the special interests are equal to zero
d. determined where the marginal benefits from the regulation are equal to zero
a
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The main examples of macroeconomic coordination failures are
a. profit declines. b. relative price changes. c. recessions and depressions. d. consumer taste changes.
Assume that the central bank purchases government securities in the open market. If the nation has low mobility international capital markets and a flexible exchange rate system, what happens to the GDP Price Index and net nonreserve-related international borrowing/lending in the context of the Three-Sector-Model?
a. The GDP Price Index falls, and net nonreserve-related international borrowing/lending becomes more negative (or less positive). b. The GDP Price Index rises, and net nonreserve-related international borrowing/lending becomes more negative (or less positive). c. The GDP Price Index falls, and net nonreserve-related international borrowing/lending becomes more positive (or less negative). d. The GDP Price Index and net nonreserve-related international borrowing/lending remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
Union representatives negotiate with employers to establish wage rates and working conditions that ______.
a. ensure the firm is more profitable than its competitors b. put the needs of the employees ahead of profits c. are in sync with global rates of pay and performance d. balance the interests of the workers and the firm
Part-time workers are
What will be an ideal response?