Which of the following is an example of a deficiency caused by a regulatory approach to pollution?
a. ignored information provided by market signals
b. special interest influence on policies
c. lack of accountability by regulators for costs of regulation
d. all of the above
D
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Increase in the real interest rate will ________ the expenditure curve:
A) decrease. B) increase. C) not change. D) none of the above.
When we believe the best result will come from the decision we have made, we are being:
A. gullible. B. short-sighted. C. rational. D. considerate.
The term institutions is commonly used to refer to:
A. government bodies. B. development agencies. C. international groups. D. All of these statements are true.
Critics of stabilization policy argue that
a. there is a lag between the time policy is passed and the time policy has an impact on the economy. b. the impact of policy may last longer than the problem it was designed to offset. c. policy can be a source of, instead of a cure for, economic fluctuations. d. All of the above are correct.