Among other things, the U.S. Consumer Product Safety Commission is responsible for regulating
A. the flammability of mattresses.
B. consumer financial markets.
C. the safety of aircraft.
D. cell phone company billing practices.
Answer: A
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The exchange rate is the ________.
A. market on which currencies of various nations are traded for one another B. rate at which two currencies can be traded for each other C. quantity of foreign currency assets held by a government for the purpose of purchasing the domestic currency in the foreign exchange market D. price of the average domestic good or service relative to the price of the average foreign good or service, when prices are expressed in terms of a common currency
As productive capital goods are established in developing nations
A) developed nations will become less prosperous. B) these countries will experience higher rates of economic growth. C) portfolio investment will be replaced by loans from international aid agencies. D) they will be less likely to engage in international trade.
The argument for greater equality of income distribution in the United States hinges on the idea that low-income earners would be more willing and able participants in the economy if income were distributed more equally.
Answer the following statement true (T) or false (F)
A pharmaceutical company develops a new drug for treating cancer. What type of market barrier has been created?
a. Licenses b. Patents c. Control of an essential resource d. Economies of scale