One of the government's responses to the Financial Crisis of 2007-2009 was Dodd-Frank, a law that
A. authorized trillions of dollars in borrowing for the federal government.
B. ignored the insurance industry.
C. made special provisions for dealing with very large banks in times of crisis.
D. eliminated the risk of another financial crisis in the future.
Answer: C
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Which of the following would shift the supply of labor to the right? a. A decrease in population
b. A decrease in immigration. c. A decrease in non-wage income. d. A decrease in the quality of on-the-job amenities.
Price is the rationing mechanism in a free, competitive market
a. True b. False Indicate whether the statement is true or false
The main problem posed by trade blocs for nonmember nations is that:
A. member nations may achieve growth rates that exceed those of nonmember nations. B. nonmembers must exchange their currencies for foreign monies before they can engage in export or import transactions. C. nonmembers face tariffs that member nations do not. D. member nations refuse to participate in tariff negotiations sponsored by GATT.
The 1600s writer who is often credited with offering one of the earliest defenses of individual rights and liberties based on equality of individuals and who influenced framers of the U.S. Constitutions was
A) David Hume B) Voltaire C) John Locke D) Spinoza