In general, trade restrictions penalize domestic producers and foreign consumers.
a. true
b. false
Answer: b. false
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In considering the costs involved for student loans that must be repaid in ten years, this Application is addressing the economic concept of
A) the principle of diminishing returns. B) the real-nominal principle. C) the marginal principle. D) the principle of voluntary exchange.
Margin requirements on stocks are set by
A) the New York Stock Exchange. B) the National Association of Securities Dealers. C) the Federal Reserve System. D) the Securities Exchange Commission.
An advantage of proprietorships is
A) the ease with which they can be formed and dissolved. B) their ability to raise large amounts of equity capital. C) the fact that their profits are not taxed. D) the breadth of management expertise that comes from having a board of directors.
Regulation that is based upon the cost of providing the good or service is known as
A. rate-of-return regulation. B. cost-of-service regulation. C. deregulation. D. social regulation.