An important policy goal in undeveloped labor markets is
a. lowering interest rates and increasing access to money and loans.
b. helping workers to become more connected to the labor market and the economy.
c. passing laws to protect worker rights and protect worker safety.
d. to maintain inflation at a rate comparable to higher-income countries.
b. helping workers to become more connected to the labor market and the economy.
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Keesha consumes only milkshakes and burgers. At her consumer equilibrium, which of the following is TRUE when Keesha can buy any portion of a unit of a milkshake or burger?
A) The marginal utility per dollar from a milkshake will exceed the marginal utility per dollar from a burger if she likes burgers more than milkshakes. B) The marginal utility per dollar from a burger will exceed the marginal utility per dollar from a milkshake if she likes burgers more than milkshakes. C) The marginal utility per dollar will be the same for each good. D) The marginal utility will be the same for each good.
There is __________ "institutionalization" in U.S. financial markets, meaning a greater relative use of __________ finance
A) increasing; indirect B) increasing; direct C) decreasing; indirect D) decreasing; direct
When an economy is not in equilibrium,
A) planned expenditures exceed production and income. B) there is no savings nor investment. C) government tax revenues equal planned government expenditures. D) production and income equal planned expenditures.
Specialization of labor means that: a. production requires a special kind of labor
b. the overall skill level of labor is increasing. c. individuals produce goods other than those they want to consume. d. individuals achieve self-sufficiency in production. e. exchange within an economy consists of trading in services.