In the United States, the government regulates business in its role as a "referee." Which of the following is not among the laws regulating the interaction between households and businesses?
A. Businesses must follow certain rules about workplace safety, minimum wages, and overtime rules.
B. Businesses cannot meet with other businesses to agree on prices they will charge.
C. Businesses are required to produce certain goods, called public goods, for the government.
D. In some businesses, in some states, employees must join a union in order to work at certain jobs.
Answer: C
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Financial intermediaries are able to act as delegated monitors for individual savers because
A) other investors are unable to gain a free ride on their monitoring efforts. B) borrowers consider this role to be traditional for financial intermediaries and are willing to put up with it. C) the federal government has granted them waivers from laws protecting privacy. D) they employ a vast network of private detectives to carry out their monitoring role.
When we compare poor and rich countries in the world
A) There is much greater dispersion in growth rates in per capita income for the poor countries than for the rich countries. B) The investment rate is higher for poor countries than for rich countries. C) There is much greater dispersion in growth rates in per capita income for the rich countries than for the poor countries. D) Population growth rates are higher in rich countries than in poor countries.
Individuals who lease a new car
A) have a higher discount rate than those who buy. B) have a lower discount rate than those who buy. C) have the same discount rate as those who buy. D) behave irrationally and are taken advantage of by car companies.
If the demand for British pounds increases,
a. the equilibrium price of the pound will increase b. the equilibrium price of the pound will decrease c. the equilibrium price of the pound will not change d. the equilibrium price of the pound will change, but we need additional information to predict the direction of the change e. no one can predict what will happen