Health and safety regulations in the labor market:
A. should be evaluated by comparing their costs to their benefits.
B. are always efficient because they improve working conditions.
C. can lead to an increase in frictional unemployment.
D. are necessarily inefficient if they impose additional costs on employers.
Answer: A
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U.S. sugar trade agreements have fallen through. What will the likely effect be?
A. The demand for goods that use sugar will decrease. B. The demand for goods that use sugar will increase. C. The supply of goods that use sugar will increase. D. The supply of goods that use sugar will decrease.
Explain why a riskier asset offers a higher expected return.
What will be an ideal response?
Suppose that the actual money multiplier equals the maximum potential money multiplier. If the reserve ratio is 10 percent, in order for the banking system to increase deposits by $2.5 million, the Fed must
A. permit the system to have prolonged reserve deficiencies. B. buy $250,000 of government securities from the public. C. sell $250,000 of government securities to the general public. D. sell $2.5 million of government securities to the general public.
As you move up the production possibility frontier, the absolute value of the marginal rate of transformation
A. initially decreases, then increases. B. increases. C. initially increases, then decreases. D. decreases.