Government's ability to reduce private-sector economic risks through laws and regulations would encourage all of the following, except:
A. Higher levels of private economic investment
B. Formation of new businesses
C. Introduction of new products and processes
D. Reduction of private goods and services
D. Reduction of private goods and services
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Suppose a student is attending your college on an athletic scholarship, and doesn't pay a penny for tuition. According to the economic way of thinking, the student's cost of attending college is
A) zero. B) bore completely by the college's athletic fund. C) positive, because the student sacrificed some other opportunity to attend your college. D) positive, because the student still needs food and housing. E) negative, because nobody really gains by trying to combine athletics with higher education.
The unionization rate in the United States has been
A. Declining for over 40 years. B. Increasing for the last 5 years. C. Declining for approximately 15 years. D. Declining for approximately 30 years.
Manuel is retired and receives a fixed payment from his pension each month. When there is inflation ________.
A. Manuel will be better off B. the buying power of his pension will fall C. the value of his pension will rise D. will receive more money from his pension
Which of the following is a characteristic of a monopoly firm?
A. barriers to entry B. many buyers and sellers C. easy entry and exit D. horizontal individual demand curve