A government fulfills a protective function when it
A) provides funds for flood control projects and builds highways.
B) prevents illegal seizure of private property.
C) established and enforces minimum wage laws.
D) taxes some citizens in order to provide income transfers to others.
B) prevents illegal seizure of private property.
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What tools can unions use to increase the demand for union labor?
What will be an ideal response?
An increase in the domestic real interest rate will tend to cause, other things the same ________
A) a depreciation of the domestic currency B) an increase in the demand for domestic goods and services C) an increase in demand for foreign currencies D) an appreciation of the domestic currency
If Elvira purchases a $10,000 face value one-year Treasury bill for $9,302.33, the interest rate she will receive on the Treasury bill is
A) 1.07%. B) 6.98%. C) 7.5%. D) 9.3%.
What is the long-run effect on the demand curve of a monopolistically competitive firm when more firms enter the market?
A. Demand curve shifts to left. B. Demand curve remains the same. C. Demand curve shifts to right. D. Demand curve become flatter.