A benefit-based standard is one that
a. considers the benefits balanced with the costs of that standard
b. maximizes the marginal external benefit (MEB) of the standard
c. is set to the point at which MEB is zero
d. none of the above
d. none of the above
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Generally with bond ratings, the ________ the rating, the higher the interest rate an investor will receive and the ________ the risk that the issuer of the bond will default
A) lower; higher B) higher; higher C) higher; lower D) lower; lower
What is the most compelling evidence for the Keynesian interpretation of the Great Depression?
a. Increases in both the interest rate and the quantity of money b. Decreases in both the interest rate and the quantity of money c. An increase in the interest rate and a decrease in the quantity of money d. A decrease in the interest rate and an increase in the quantity of money
The theory that stock prices reflect all available information and that the future movement of stock prices is unpredictable is called the
a. random walk theory. b. inefficient market theory. c. technical analysis theory. d. charting theory.
Older Americans living on a pension and therefore on a fixed income tend to be made
A. better off when prices rise. B. better off when inflation rates rise. C. worse off when prices rise. D. worse off when prices fall.