Regulation imposed by such organizations as the Food and Drug Administration or the Environmental Protection Agency seeking to protect the welfare of people in our nation is referred to as
A) moral regulation.
B) natural regulation.
C) rate-of-return regulation.
D) social regulation.
D
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Can a firm make losses by producing the rate of output at which marginal revenue equals marginal cost? Why?
What will be an ideal response?
Which of the following is true for a market that clears?
a. An excess supply of anything traded will lead to a fall in its price. b. An excess demand of anything traded will lead to a fall in its price. c. An excess supply of anything traded will lead to a rise in its price. d. An excess demand of anything traded will not lead to a price change. e. A high price will lead to a high demand.
Labor income in the U.S. equals approximately ________ of GDP.
A. two fifths B. one third C. one half D. two thirds
The short-term unemployment arising from the process of matching workers with jobs is called
A) frictional unemployment. B) structural unemployment. C) cyclical unemployment. D) seasonal unemployment.