Suppose that roofers are not unionized. If roofers unionize, then the supply of labor in other sectors of the economy will
a. decrease, raising wages in industries that are not unionized.
b. decrease, reducing wages in industries that are not unionized.
c. increase, raising wages in industries that are not unionized.
d. increase, reducing wages in industries that are not unionized.
d
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The steps in the process of commercial bank lending in order are
A) borrower bank search, credit analysis, borrower-bank negotiation, bank funding. B) borrower bank search, borrower-bank negotiation, credit analysis, bank funding. C) credit analysis, borrower bank search, borrower-bank negotiation, bank funding. D) borrower-bank negotiation, borrower bank search, credit analysis, bank funding.
In recent decades,
A) trading in financial futures declined in importance relative to trading in agricultural and mineral commodities futures. B) trading in financial futures increased in importance relative to trading in agricultural and mineral commodities futures. C) trading in agricultural and commodities futures was discontinued. D) trading in financial futures was discontinued.
Market-oriented economies have rules and regulations regarding: a. the nature of the products sold in the market
b. the enforcement of legal contracts. c. the number of sellers and buyers participating in the market. d. the ways in which taxes can be avoided.
If the reserve ratio increased from 10 percent to 20 percent, the money multiplier would
a. rise from 10 to 20. b. rise from 5 to 10. c. fall from 10 to 5. d. not change.