Which of the following is an example of an agency concerned with social regulation?
A) Federal Communications Commission
B) Securities and Exchange Commission
C) Consumer Product Safety Commission
D) Federal Energy Regulatory Commission
Answer: C
You might also like to view...
The marginal revenue curve for a perfectly competitive firm is
A) an upward sloping curve. B) a downward sloping curve. C) a horizontal line. D) None of the above answers is correct.
A security with a high degree of marketability sells at a price that is
A) highly volatile. B) unpredictable. C) lower than other securities. D) higher than the equilibrium price of less marketable securities.
The value added approach involves adding up the value of the final product and the value of intermediate goods used in the production process
a. True b. False Indicate whether the statement is true or false
Java Joe sells 200 cups of coffee each day in a perfectly competitive market at the market price of $2.00 per cup. If Java Joe independently decreased its price per cup to $1.50,
a. its sales would rise to 250 cups b. its revenue would decrease c. its revenue would rise d. its total revenue would equal $200 e. the market price will fall to $0.75 as other coffee sellers match the price cut