Which policy measure increased the SEC budget to supervise securities markets?
A) Sarbanes-Oxley Act of 2002
B) Global Legal Settlement of 2002
C) Gramm-Leach-Bliley Act of 1999
D) Riegle-Neal Act of 1994
A
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Which of the following is true of the market for labor?
A) Workers are the suppliers of labor. B) Workers are the demanders of labor. C) The labor supply curve is perfectly elastic. D) The labor demand curve is perfectly elastic.
In order to promote growth through increased quantities of physical capital, governments must promote:
A. a better educational system. B. high rates of saving and investing. C. job training programs. D. funding for basic science.
A monopoly will look for opportunities to price discriminate because the practice
A) leads to selling more units. B) leads to greater profits. C) allows it to charge higher prices. D) is desired by customers.
Assume that Nation X can produce either 40 notepads or 80 pens, and that Nation Y can produce either 10 notepads or 40 pens. This implies that:
A. Nation X has a comparative advantage in producing pens B. Nation Y has a comparative advantage in producing notepads C. Nation X has a comparative advantage in producing notepads D. Nation Y is the high-cost producer of pens