The so-called collective action problem refers to the:
A. Problems faced by organizers in setting up a labor union
B. Challenges faced by business when they have to deal with a labor union
C. Inability of the government to discern the true preferences of everyone in society
D. Greater difficulty in organizing and motivating large groups than small ones
D. Greater difficulty in organizing and motivating large groups than small ones
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A(n) ________ is a tax on an imported good
A) export quota B) tariff C) voluntary export restraint D) import quota
Calculate the change in the price level for each of the following events, taken one at a time, with other variables unchanged.
(a) Money supply increases 10%. (b) Money demand increases 5% (c) Money supply decreases 5% while money demand increases 5%. (d) Money supply increases 15% while money demand increases 5%.
What amount of money was appropriated by Congress for the Troubled Asset Relief Program?
a. $225 billion b. $252 billion c. $700 billion d. $787 billion
During Thanksgiving you participated in a pumpkin-pie eating contest. You really enjoyed the first two pies, the third one was okay, but as soon as you ate the fourth one you became ill and lost the contest. You got ________ utility from eating the fourth pie than from eating the second pie.
A. more B. the same amount of C. less variable D. less