Question

Q1: A national crime lab used to prevent criminal activity nationwide is an example of a

Select one:

a. transfer payment.

b. negative externality.

c. private good.

d. public good.

e. positive externality.

Question 2

Which of the following statements regarding human rights and international trade is correct?

Select one:

a. Free trade advocates believe trade decreases job growth in LDCs

b. The WTO estimates that free trade has led to an increase in poverty rates in LDCs

c. Free trade advocates believe it is efficient to exploit workers in LDCs

d. Protectionists believe free trade leads to exploitation of workers in LDCs

e. Protectionists believe free trade leads to increased opportunity for poor workers

Question 3

Commercial banks

Select one:

a. operate in both the primary and secondary financial markets.

b. operate only in cities with major financial markets.

c. began in Germany.

d. began as goldsmiths that provided receipts to customers who stored their gold with the goldsmith.

e. started by offering credit to wealthy landowners.

Question 4

The unemployment rate will not fall to zero because of

Select one:

a. welfare.

b. all of the choices.

c. cyclical unemployment.

d. frictional unemployment.

e. voluntary unemployment.