The "primary motive" of regulators, according to the share-the-gains, share-the-pains theory, is to
A. keep their jobs.
B. ensure that every group gets what it wants.
C. maximize their income through accepting monetary payoffs from groups.
D. ensure that all customers share the benefits of regulation, and not just the wealthiest consumers.
Answer: A
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The demand for labor reflects the point that the
A) lower the real wage rate, the greater the quantity of labor demanded. B) higher the real wage rate, the greater the quantity of labor demanded. C) nominal wage rate and not the real wage rate determines the quantity of labor demanded. D) real wage rate does not affect the quantity demanded of labor. E) demand for labor depends on the supply of labor.
Which of the following will cause the demand curve for gasoline to shift leftward?
a. a decrease in the price of gasoline b. an increase in the price of gasoline c. a leftward shift of the supply of gasoline d. a rightward shift of the supply of cars e. a decrease in the price of bicycles
Individuals will make choices to maximize their:
A. values. B. constraints. C. utility. D. income.
_____ is the charging of "an unconscionable or exorbitant rate of interest."
Fill in the blank(s) with the appropriate word(s).