Which of the following is a reason why government is a participant in a market-oriented economy?
a. to enforce contracts and protect private property
b. to promote collusion
c. to promote the growth of natural monopolies
d. to provide more inequality in the distribution of income
e. all of the above
A
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Which of the following is a role of the Federal Deposit Insurance Corporation in the United States?
A) It determines the monetary policy of the country. B) It monitors the money supply. C) It controls the real rate of interest. D) It regulates banks that are insolvent.
One reason why individuals with greater ability often receive higher wage rates is that they
a. face discrimination b. have low marginal products c. have high marginal revenue products d. face diminishing marginal returns e. often are employed in industries experiencing economies of scale