Politicians always agree with economists about the most efficient way of doing things.
Answer the following statement true (T) or false (F)
False
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If a union cannot increase the demand for union labor, then an increase in union wages will result in a decrease in union employment
Indicate whether the statement is true or false
Economists love auctions because
a. They maximize consumer surplus b. They minimize producer surplus c. They set the price for the item, avoiding costly negotiations d. They open the door to costly negotiations, with room for manipulation
An increase in the interest rate, other things constant, will: a. shift the supply of loanable funds curve to the left. b. shift the supply of loanable funds curve to the right. c. increase the quantity of loanable funds supplied
d. shift the demand for loanable funds curve to the left. e. increase the quantity of loanable funds demanded.
Which of the following is not a type of bond?
a. income bond b. convertible bond c. junk bond d. wayward bond e. none of these