Under the U.S. system of regulation, most regulars are selected from
A) politicians and their friends.
B) the industry that is to be regulated.
C) consumer advocacy groups.
D) university professors who understand the nature of the industry and who understand the true interests of consumers.
Answer: B
You might also like to view...
In an effort to prepare for war, the Defense Department is required by Congress to stockpile helium, once used to provide lift for blimps (phased out in the 1960s). About 100 years of total U.S. usage of helium is in storage. The Pentagon agrees to buy helium from producers at a price above what would otherwise prevail in the marketplace. Is this likely to result in efficiency? Explain.
What will be an ideal response?
When the government increases spending (holding taxes constant), the budget balance _____. This causes the interest rate in the market for loanable funds to _____ and investment to _____
Fill in the blank(s) with correct word
At a price of $4.95, a pulp fiction novel is expected to sell 9,000 copies. If the novel is offered for sale at a price of $3.95, then the publisher can expect to sell
a. It is impossible to predict the effect of a lower price on sales. b. less than 9,000 copies. c. 9,000 copies. d. more than 9,000 copies
Which of the following statements is true?
A. The war theory of the business cycle is endogenous. B. The second part of the expansion phase of the cycle is prosperity. C. We have business cycles of different lengths but the same amplitudes.