Which legislation would U.S. labor unions support?
a. legislation to eliminate all restrictions on immigration
b. legislation to increase direct foreign investment in the United States
c. legislation to ease rules on immigration
d. Labor unions would support all of these measures.
Ans: b. legislation to increase direct foreign investment in the United States
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When the Fed buys $10 million in T-bills, interest rates will ________ because the LM curve shifts ________
A) fall; left due to the increase in the demand for money and loans B) rise; right due to the increase in the supply of money and loans C) fall; right due to the increase in the supply of money and loans D) rise; left due to the increase in the supply of money and loans
A person that is risk averse
A) exhibits decreasing marginal utility of wealth. B) exhibits increasing marginal utility of wealth. C) always engages in fair bets. D) loves lotteries.