The average return for supplying entrepreneurial ability is the entrepreneur's

Which of the following is a policy tool of the Fed? i. setting the required reserve ratios ii. conducting open market operations iii. quantitative easing

A) i only B) ii only C) iii only D) Both i and ii E) i, ii, and iii

Unions attempt to raise wage rates for their members by

a. reducing the supply of the product their members produce b. lowering barriers to entry so their members have greater opportunities c. reducing the demand for labor so there are fewer nonunion competitors d. negotiating a higher-than-competitive wage rate e. lowering the marginal product of nonunion labor