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</p> Signup and view all the answers

    What is the primary role of a nonmarket institution?

    <p>Advocacy</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</p> Signup and view all the answers

    Which institution is primarily supported by general fund moneys?

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

    What characterizes general reciprocity?

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

    What is the primary role of a nonmarket institution?

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

    What is the function of a labor union?

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

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