International financial freedom
A. helps all citizens in both poor and wealthy countries.
B. hurts wealthy countries.
C. maximizes world product.
D. hurts poor countries.
Answer: C
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Income inequality in the United States has increased in part due to technological change. How does technological change contribute to income inequality?
A) It reduces the cost of producing goods and therefore lowers the value of labor services. B) It is responsible for a majority of new products on the market, and these products are only affordable to higher-income households. C) It allows manufacturers to produce products with less labor, and this reduction in the demand for labor lowers wages at all skill levels. D) It has created many higher-income jobs for skilled and trained workers, leaving the income of less-skilled workers relatively unchanged by comparison.
Changes in which of the following shifts the aggregate supply curve? i. the price level ii. the money wage rate iii. potential GDP
A) i only B) ii only C) iii only D) ii and iii E) i, ii, and iii
The most common pattern for marginal utility is ______.
A. diminishing marginal utility B. substitute consumption C. a budget constraint model D. a long-term perspective theoretical model
Banks are required to disclose certain information. This disclosure is done for all of the following reasons except:
A. to allow financial market participants to penalize banks that carry additional risk. B. create uniform prices for standard bank services. C. to enable regulators to more easily assess the financial condition of banks. D. to allow customers to more easily compare prices for services offered by banks.