What is a reason not to protest poor working conditions in factories in low-income countries?
a. It would increase the price of goods imported into the United States.
b. The working conditions are not that bad.
c. The alternative job opportunities are worse.
d. The protests have no effect on working conditions.
c. The alternative job opportunities are worse.
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When prices are used as a rationing device, goods that are relatively more scarce than they used to be will have
A) greater demand. B) lower excess demands. C) higher prices. D) long queues.
The computation of GDP by adding up the dollar value at current market prices of all final goods and services is
A. the income approach. B. transfer payments. C. the value of all securities. D. the expenditure approach.
The marginal benefit from buying a particular unit of a good
A) is the amount paid for the unit plus the consumer surplus of the unit. B) increases as market price increases. C) is the difference between the amount paid for the unit and the market price of the unit. D) is the difference between the total benefit of the unit and the marginal cost of producing that unit. E) None of the above answers is correct.
Reserve requirements are highest for
A) transactions deposits. B) bank borrowings from foreign branches. C) federal funds. D) business time deposits.