When attempting price regulation, a government faces what problem(s)?
A) limited information
B) bribes
C) uncooperative firms
D) All of the above.
D
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A baker can produce two products: cupcakes and pies. The table below is the baker's production possibilities schedule:Production Possibilities ScheduleProductABCDEFCupcakes01220365681Pies1086420Which of the following output-combinations is unattainable?
A. 2 pies and 48 cupcakes. B. 3 pies and 56 cupcakes C. 6 pies and 10 cupcakes D. 9 pies and 10 cupcakes
________ are quotas that lead to a complete elimination of trade
A) Embargoes B) Voluntary export restraints C) Nontariff barriers D) Orderly marketing agreements
The investors who bought mortgage-backed securities just before the housing bubble burst:
A. were not concerned about the original mortgage. B. knew exactly what they were buying. C. were not confident in the rising home value underlying each mortgage. D. were all very comfortable assuming high-risk assets.
Which of the following statements is not true about the consumption function?
A. It shows how consumption is influenced by disposable income. B. The equation is written as C = a + bYD. C. It indicates that consumption is inversely related to disposable income. D. It indicates the rate of consumer spending that will take place at various disposable income levels.