The main rationale for government regulatory functions is
A. to expand the scope of the government.
B. to make sure that firms are maximizing profits.
C. to protect consumer interests.
D. to regulate for-profit institutions.
Answer: C
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Which of the following trends would lower the unemployment rate associated with full employment?
a. People become less educated over time. b. More people are willing to move to find a job. c. The government spends money to reduce the loss of jobs during a recession. d. A larger proportion of jobs are seasonal in nature. e. The federal government increases unemployment benefits.
In the prisoners’ dilemma game, each player
A) has only one possible strategy. B) can choose from two strategies. C) can choose from three strategies. D) can choose from four strategies.
Average labor productivity equals:
A. average production per year. B. output per person. C. total output. D. output per employed worker.
The $4,500 you earned last year in dividend payments is an example of ________ income.
A. property B. inheritance C. transfer D. human capital