Placing restrictions on business opportunities through government licensing and other controls
(a) is not allowed now and never has been in American history.
(b) is not allowed now but was provided for by the Constitution and allowed until the 20th century.
(c) is allowed now but was not allowed during the colonial period nor in the decades immediately following the establishment of the new nation.
(d) has always been allowed in American history.
(d)
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Because loans to small and midsized businesses are rather __________, they have been relatively __________ to securitize
A) standardized; easy B) standardized; difficult C) not standardized; easy D) not standardized; difficult
The optimal level of air quality will increase if
a. the cost of polluting increases b. pollution is found to be self-absorbing c. a new process allows pollution to be removed more cheaply d. the marginal social cost of air quality increases e. the marginal social benefit of air quality decreases
Explain how a recession differs from a depression
Americans generally pay
A. a lower percentage of their incomes in taxes than citizens of other industrialized countries. B. a lower percentage of their incomes in taxes than citizens of other industrialized countries, with the exceptions of Sweden and the Netherlands. C. about the same percentage of their incomes in taxes as citizens of other industrialized countries. D. a higher percentage of their incomes in taxes than citizens of other industrialized countries.