Which type of regulation applies to all firms in the economy, as opposed to only covering specific industries?

A. statutory regulation
B. rate regulation
C. social regulation
D. economic regulation


Answer: C

Economics

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One of the challenges for development economists working in health care is to figure out a way to:

A. give doctors the right incentives to practice good medicine. B. force families to make better health care choices. C. influence markets in order to keep the costs of healthcare lower. D. alter the educational system in order to mandate that a certain number of students go into healthcare fields.

Economics

In the natural gas industry, recent technological improvements and the use of fracking have

a. increased the demand for natural gas, causing its price to rise. b. increased the supply of natural gas, causing its price to decline. c. reduced the demand for natural gas even though the proved reserves of the resource have fallen. d. resulted in sharply higher natural gas prices because of the dangers that accompany fracking.

Economics

If Ricardian equivalence holds, one way to get the expansionary effects of a tax cut to occur is:

A. pair it with increased government spending. B. pair it with reduced government spending. C. to run a campaign inspiring people to buy goods made in the United States. D. None of these will create the expansionary effects of a tax cut.

Economics

Designating the cashier to be custodian of the petty cash fund is more acceptable from the standpoint of internal control than making the cashier responsible for maintenance of accounts receivable records.

a. true b. false

Economics