Under the Sarbanes-Oxley Act of 2002, the provision that gives more funding to the SEC is an example of
A) regulate for transparency.
B) supervisory oversight.
C) separation of functions.
D) socialization of information production.
B
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Which of the following is the opposite of rational behavior?
a. purposeful behavior b. logical behavior c. chaotic behavior d. spontaneous behavior
Answering the For Whom to Produce question means that:
A. society is determining the size of the economic pie, B. scarcity no longer restricts production. C. society must have a method to decide who will be rich and who will be poor. D. an economy is selecting among its resources for production.
Someone in Germany has just ordered a U.S. car to be exported to Germany. In the U.S. balance of payments, this purchase is a(n)
A) accounting identity. B) special draw. C) surplus item. D) deficit item.
Use the above figure. When the price increases from $2 to $10, the absolute price elasticity of demand is
A. 1.50. B. 0.67. C. 1.00. D. 0.25.