The likelihood of successful collective action:
A. generally does not depend on the size of the group.
B. can be lower for small groups.
C. can be higher for large groups.
D. can be lower for large groups.
Answer: D
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Since 1950, the labor force participation rate in the United States
A) of men and women both increased. B) of men increased and women decreased. C) of men and women both decreased. D) of men decreased and for women increased.
In an open economy with few capital restrictions and substantial import-export trade, a rise in interest rates and a decline in the producer price index of inflation will
a. raise the value of the currency b. lower the nominal interest rate c. increase the volume of trading in the foreign exchange market d. lower the trade-weighted exchange rate e. increase consumer inflation.