The American Bar Association administers the bar examinations that prospective lawyers must pass before being allowed to practice law. The exam system thus allows the ABA to act like a
a. monopsony.
b. union that can restrict the supply of lawyers.
c. union that can increase the number of lawyers.
d. None of the above is correct.
b
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The assets of a bank are its __________ of funds
A) uses B) sources C) reserves D) excess
Vertical integration can reduce transaction costs through all of the following ways except which one?
A) decreasing the incentive for litigation B) creating managerial diseconomies C) establishing a partnership between the two firms D) increasing information and control
One of the most crucial ideas in macroeconomics is understanding that:
A. measuring total expenditures or total income both equal total production of an economy. B. GNP is the most commonly used measurement of total production. C. prolonging economic downturns can be prolonged by fiscal policy. D. zero unemployment is the best way to achieve economic growth.
Restrictive fiscal policies pull interest rates down.
Answer the following statement true (T) or false (F)