The government intervenes in the economy to protect labor by
A. Ensuring minimum wages in addition to overtime provisions.
B. Ensuring workplace safety conditions.
C. Enforcing child labor laws to prevent child exploitation.
D. All of the choices are correct.
Answer: D
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The practice of governments or firms actively improving the educational and job opportunities of members of groups that have not been treated fairly in the past is called
A) segregation. B) subsidization. C) resource allocation. D) affirmative action.
The ratio of the liabilities of a financial institution to equity capital is called
A) leverage. B) assets. C) liabilities. D) equity.
A fall in the price level would lead to an increase in consumption according to ________ because ________
A) Friedman; the value of assets fall B) Modigliani; the value of assets fall C) Friedman; the value of assets rise D) Modigliani; the value of assets rise
In the Keynesian model, whenever planned saving is more than planned investment
A. there will be unplanned inventory depletion. B. there will be unplanned inventory accumulation. C. the interest rate will remain unchanged. D. real GDP will not be influenced.