Excessive regulation may lead to
a. corruption
b. attempts to evade regulations
c. high costs of complying with regulation
d. lobbying to remove regulation
e. all of the above
E
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Individuals in favor of privatization of Social Security believe that it would allow people to:
a. evade the exorbitant rates of Social Security taxes. b. substitute purchases of stocks and other financial assets for a portion of their Social Security taxes. c. lower their medical bill by taking extra precaution and care for their health. d. experience a lower inflation in healthcare services.
Which of the following types of sampling always causes bias or inconsistency in the ordinary least squares estimators?
A. Random sampling B. Exogenous sampling C. Endogenous sampling D. Stratified sampling
Which of the following will most likely cause a nation's currency to appreciate on the foreign exchange market?
A. A decrease in domestic interest rates B. An increase in foreign interest rates C. Domestic inflation of 10 percent while the nation's trading partners are experiencing stable prices D. Stable domestic prices while the nation's trading partners are experiencing 10 percent inflation
Refer to Figure 34.3. If a welfare recipient did not work, he or she would receive welfare benefits of
A. $0. B. $5,000. C. $1,000. D. $10,000.