A benefit of unions is that they
A) increase firm profits.
B) increase the stability of the workforce.
C) increase wage inequality.
D) restrict the labor market.
Answer: B
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The primary function of the World Bank is to:
a. lend money to the World Trade Organization. b. provide loans to countries experiencing huge budget deficit. c. finance economic development in poor countries. d. assist countries experiencing balance of payments deficits. e. finance the fiscal stabilization program of the U.S. government.
As the interest rate increases, _____
a. the demand for loanable funds increases b. the demand for loanable funds decreases c. the quantity demanded of loanable funds increases d. the quantity demanded of loanable funds decreases
The situation described in the book as "smart for one, dumb for all" occurs when:
A. individuals act rationally, so there are no unexploited opportunities for society as a whole. B. individuals make better decisions when they are alone than when they are part of a group. C. individuals act rationally, but there are still unexploited opportunities for society as a whole. D. individuals make better decisions when they are part of a group than when they are alone.
Which of the following statements is most correct?
A. Financial regulators work to prevent monopolies but also work to prevent strong competition in banking. B. Financial regulators discourage competition in banking. C. Financial regulators do everything possible to encourage competition in banking. D. Financial regulators prefer banks to have monopoly power in their geographic markets.