In which of the following cases has political corruption definitely occurred?
A. Political candidates accept campaign contributions from people
B. Government agencies impose fines for such things as traffic violations
C. A bureaucrat allows someone to look at confidential documents for an informal fee
D. A government agency receives donations for distribution to charity
C. A bureaucrat allows someone to look at confidential documents for an informal fee
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Inflation might lead to ________ because ________
A) lower demand for stocks; of tax distortions B) lower demand for cash; money does not typically yield interest C) uncertain or uneven demand for goods; higher fluctuations in relative prices make it harder for consumers to compare among goods and make rational consumption decisions D) all of the above E) none of the above
The introduction of a union into an industry creates a
a. surplus of labor and so raises unemployment. b. surplus of labor and so reduces unemployment. c. shortage of labor and so raises unemployment. d. shortage of labor and so reduces unemployment.
In the balance of payments, the buying and selling of real and financial assets is represented in
A. official reserve transactions account. B. current account. C. labor account. D. financial account.
Economists do not consider the smartphone industry perfectly competitive because
A. the government strictly regulates entry and exit. B. smartphone manufacturers each have a small market share. C. there are a large number of smartphone manufacturers. D. smartphones are heterogeneous.