Labor unions cause unemployment because the union contract wage is set
A) below the market wage, causing a shortage of labor.
B) above the market wage, causing a surplus of labor.
C) above the market wage, causing a shortage of labor.
D) below the market wage, causing a surplus of labor.
B
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Refer to the scenario above. If both individuals are offered movie tickets worth 40 utils today instead of the gift voucher, then which of the following statements is true?
A) Both Susan and Jim will prefer to retain the gift voucher. B) Both Susan and Jim will prefer the movie tickets over the gift voucher. C) Susan will prefer the gift voucher, while Jim will prefer the movie ticket. D) Jim will prefer the gift voucher, while Susan will prefer the movie ticket.
__________ make(s) it easy for small savers to diversify their portfolios
A) Direct finance B) Traded securities C) Regulation Q D) Financial intermediaries