A labor market application of the legal cartel theory of regulation would be:
A. Unemployment benefits
B. The Full Employment Act
C. Equal Employment Opportunities provisions
D. Occupational licensing
D. Occupational licensing
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The coupon rate on newly issued bonds is usually ________ for bonds with favorable tax treatment, such as municipal bonds, and ________ for bonds that are very risky, such as junk bonds.
A. lower; lower B. lower; higher C. higher; lower D. higher; higher
The equilibrium wage rate is the rate at which the quantity of labor demanded equals the quantity supplied.
Answer the following statement true (T) or false (F)
Explain why the price elasticity varies even when a firm faces a linear demand curve.
What will be an ideal response?
Many people do not fully insure against risk because
A) they are risk averse. B) the insurance companies are all crooks. C) the insurance offered is less than fair. D) the insurance offered is more than fair.