Command-and-control regulations
A. are less flexible than incentive based regulations.
B. come from the private sector.
C. have technology standards a type of control.
D. are less flexible than incentive based regulations and have technology standards a type of control.
E. are less flexible than incentive based regulations and come from the private sector.
D. are less flexible than incentive based regulations and have technology standards a type of control.
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A consequence of the CPI bias is that it
A) decreases government outlays. B) reduces outlet substitution bias. C) means that it is impossible to measure the inflation rate. D) increases international trade. E) distorts private contracts.
Refer to Figure 17-3. In Panel A, at low wages (segment i)
A) labor suppliers demand more leisure as wages increase. B) the substitution effect outweighs the income effect. C) the income effect outweighs the substitution effect. D) the substitution effect offsets the income effect.
A change in the price of a good leads to a change in the demand of the good.
Answer the following statement true (T) or false (F)
If the MPC is 0.6 and there are no imports or income taxes, the multiplier is
A) 6. B) 0.4. C) 2.5. D) 0.6. E) 1.7.