Voluntarism includes methods for dealing with pollution that
a. carry no legal authority.
b. call the problems of pollution to the public's attention.
c. involve trying to persuade polluters to reduce or eliminate pollution voluntarily.
d. include all of the above.
d
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Adam Smith used the term commercial society to refer to a society in which
A) business interests control the political system. B) everyone identifies value with price. C) everyone lives by exchanging. D) increased income is everyone's principal life goal. E) people behave without regard for the interests of others.
The political attractiveness of tariffs, quotas, and other trade restrictions is primarily the result of
A) the political clout of foreigners. B) the special interest nature of trade restrictions. C) the political clout of domestic consumers. D) the attractiveness of sound economic policies to elected political officials.
Other things the same, a higher real interest rate raises the quantity of
a. domestic investment.
b. net capital outflow.
c. loanable funds demanded.
d. loanable funds supplied.
The seven members of the Board of Governors of the Federal Reserve System are:
A. appointed by the presidents of the 12 Federal Reserve Banks. B. appointed by the Senate Finance Committee. C. elected by Congress from a slate of nominees provided by the president. D. appointed by the president with the confirmation of the Senate.