The benefits of social regulation are
A) easy to measure by the marginal value method.
B) often difficult to measure.
C) obvious to almost everyone, but the costs are usually hidden.
D) greater than the costs of social regulation in every example in the country today.
Answer: B
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An individual paying twice as much in Social Security taxes over her lifetime as another individual would receive at least twice as much in Social Security benefits
a. True b. False
Discuss the relationship between world trade and world Gross Domestic Product (GDP) since the early 1950s
What will be an ideal response?
For a cruise liner deciding how to price its rooms, if the cost of overpricing is lower than the cost of underpricing, then the management of the cruise liner should
a. Price lower than what they expect would fill capacity b. Price higher than what they expect would fill capacity c. Price such that they would expect to just fill capacity d. None of the above
In 2008, the Fed utilized expansionary monetary policy, which was made
A. more effective as banks held more excess reserves. B. less effective as banks held more excess reserves. C. more effective as banks held less excess reserves. D. less effective as banks held less excess reserves.