While economic regulation applies to ________ industries, social regulation applies to ________ firms.
A. all; individual
B. particular; all
C. utility; healthcare
D. particular; individual
Answer: B
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The most significant problem in trying to empirically measure the real rate of interest is that
A) there are so many different types of bonds. B) expected inflation is unobservable. C) interest rates fluctuate so much from day to day. D) banks infrequently change the prime rate of interest.
Global warming of the past century, and especially in the past decade, is at least partly a consequence of human activities that have increased ____ in the atmosphere.
A. smog B. PCBs C. ozone D. “greenhouse gases”
Rupert recently purchased a non-maturing bond for $10,000 that pays $350 semi-annual coupons. His expected rate of return per year on the bond is
A. 4 percent B. 7 percent C. 10 percent D. 12 percent
When playing a game in which players are in direct competition with one another, it is best to ________ a pure strategy because the strategy is ________
A) use; predictable B) use; unpredictable C) avoid; predictable D) avoid; unpredictable