Government regulations to reduce the possibility of financial panic include all of the following EXCEPT
A) transactions costs.
B) restrictions on assets and activities.
C) disclosure.
D) deposit insurance.
A
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According to your textbook, which best explains the fact that income inequality has increased in the U.S. since 1980?
A) A growing distrust of the efficacy of federal government spending programs combined with a rising concern over federal budget deficits B) A widening gap between the wages of skilled and extensively-educated workers and the wages of those with fewer skills and less education C) The impact of cheaply-produced and low-priced foreign imports D) Government deregulation of business
What is a monopolist, and what is required for a monopolist to earn profits in the long run?
What will be an ideal response?
The sticky-wage theory of the short-run aggregate-supply curve says that when the price level is higher than expected,
a) relative to prices wages are lower and employment rises. b) relative to prices wages are higher and employment rises. c) relative to prices wages are higher and employment falls. d) relative to prices wages are lower and employment falls.
J. L. Pratt noted of the old General Motors that, "When one of them had a project, why he would get the vote of his fellow members, if they would vote for his project, he would vote for theirs." This is called:
A. hypertension. B. reneging. C. logrolling. D. proposal marketing.