Deregulation has contributed to
A) an increase in union membership.
B) declines in union membership.
C) higher wages in unions.
D) an increase in union power.
B
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Subject to a few legal and practical restrictions, anything may be exchanged for anything else. The distinctive advantage of money is that ________
A) it is likely to retain its value, whether it is kept or exchanged B) it has little, if any, use other than exchange C) it can generate income while it is kept D) it is likely to be accepted by everyone in exchange for anything E) none of the above
What are open market operations?
What will be an ideal response?
Suppose a manager is interested in implementing third-degree price discrimination. The manager knows that the price elasticity of demand for Group 1 is ?2 and the price elasticity of demand for Group 2 is ?1.2. Based on this information alone we can conclude that the price charged to Group 2 will be:
A. higher than the price charged to Group 1. B. the same as the price charged to Group 1. C. lower than the price charged to Group 1. D. There is insufficient information to determine whether Group 2 will have a higher, lower, or the same price as Group 1.
Adverse selection is a barrier to financing global growth because
A) of the differences between financing using loans, portfolio investment and foreign direct investment. B) if investors have trouble identifying high-risk firms they may be unwilling to lend funds to creditworthy firms. C) firms sometimes have trouble determining whether they need funds or not. D) there is the possibility that the funds are used for riskier behavior than the lender agreed to.