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Economic Institutions Quiz

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Questions and Answers

What is the function of a non-state transnational market institution?

Redistribution

Labor union development

Advocacy (correct)

Banking

Which institution is primarily supported by general fund moneys?

Bank (correct)

Global organization

Advocacy institution

Labor union

What characterizes general reciprocity?

Explicit reciprocity

No expectation of immediate exchange (correct)

Motivated by profit

Involves bartering

Which institution deals with the management of the distribution of money, goods, and services in an economy?

Bank Signup and view all the answers

What is the primary role of a nonmarket institution?

Advocacy Signup and view all the answers

What is the primary function of a non-state transnational market institution?

Facilitating global trade and investment Signup and view all the answers

Which institution is primarily supported by general fund moneys?

State institution Signup and view all the answers

What characterizes general reciprocity?

Motivated by obligations towards the welfare of others Signup and view all the answers

What is the primary role of a nonmarket institution?

Advocacy for labor unions Signup and view all the answers

What is the function of a labor union?

Negotiating and representing the interests of workers Signup and view all the answers

Economic Institutions Quiz

Choose a study mode

Podcast

Questions and Answers

What is the function of a non-state transnational market institution?

Which institution is primarily supported by general fund moneys?

What characterizes general reciprocity?

Which institution deals with the management of the distribution of money, goods, and services in an economy?

What is the primary role of a nonmarket institution?

What is the primary function of a non-state transnational market institution?

Which institution is primarily supported by general fund moneys?

What characterizes general reciprocity?

What is the primary role of a nonmarket institution?

What is the function of a labor union?

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