The laissez-faire policy prescription to eliminate unemployment was to:
A. have government guarantee jobs for everyone.
B. increase real wages so that people are encouraged to work.
C. strengthen unions and government regulations protecting unions and workers.
D. eliminate labor unions and government policies that hold real wages too high.
Answer: D
You might also like to view...
In the foreign exchange market, a broker reveals the names of the banks making bids or offers to the trading banks before the trade has been agreed upon
Indicate whether the statement is true or false
Describe the transition from short-run to long-run equilibrium in a monopolistically competitive industry
What will be an ideal response?
Which of the following is not true with regard to mutual funds? a. Some mutual funds allow investors to invest in all stocks in a given market
b. Mutual fund returns are greater than those for an individual who selects his/her own stocks. c. They allow individuals to spread risk across many different companies. d. Investors gain access to the services of a financial expert.
Explain how exporting corn may be beneficial to the domestic economy.
What will be an ideal response?