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?

<p>Bank (D)</p> Signup and view all the answers

What is the primary role of a nonmarket institution?

<p>Advocacy (D)</p> Signup and view all the answers

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

<p>Facilitating global trade and investment (D)</p> Signup and view all the answers

Which institution is primarily supported by general fund moneys?

<p>State institution (D)</p> Signup and view all the answers

What characterizes general reciprocity?

<p>Motivated by obligations towards the welfare of others (C)</p> Signup and view all the answers

What is the primary role of a nonmarket institution?

<p>Advocacy for labor unions (D)</p> Signup and view all the answers

What is the function of a labor union?

<p>Negotiating and representing the interests of workers (B)</p> Signup and view all the answers

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