Answer the following statement(s) true (T) or false (F)
1. Matters of equity are explicitly integrated into the decision rules that govern benefit-cost analysis.
2. The first U.S. president to explicitly include the efficiency criterion in the regulatory review process was President Clinton.
3. President Reagan was the only U.S. president to support the use of economic criteria in policy decision making.
4. According to the text application on the UK Climate Change Act, the Impact Assessment presented for this policy when proposed, gave benefit and cost estimates of the proposed regulation up to 2050.
1. False
2. False
3. False
4. True
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Banks are considered a safer place to deposit money now than they were prior to 1933 because: a. gold reserves have increased
b. reserve requirements are higher. c. they are more closely regulated. d. the FDIC was created.
One major reason why the purchasing power parity theory does not always predict exchange rates accurately is that the theory focuses on trade in
a. monies. b. goods and services. c. stocks and bonds. d. physical assets.
In 1914, Henry Ford began paying his workers $5 per day, about twice the going wage. As a result, turnover and absenteeism fell and productivity and profits rose
a. True b. False Indicate whether the statement is true or false
M1 has decreased in its usefulness in understanding inflation due to:
A. more reliance on the use of currency. B. the increased use of checks in the economy. C. the introduction of money market mutual fund shares and similar checking substitutes. D. the increased use of electronic payments.