FDA approval is ________ if the increase in costs to patients (including the increase in deaths) is less than the increase in benefits due to more rapid approval.
A. too stringent
B. just right
C. too lax
Answer: A
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Which of the following weakened the demand stimulus effects of the fed's low interest rate policy during the years following the 2008-2009 recession?
a. Rising stock prices in response to the low-interest rate policy. b. The lower cost of borrowing to undertake business investment. c. An increase in the velocity of money. d. A reduction in earnings of senior citizens and others from money market accounts, saving deposits, and similar forms of savings.
Refer to the graph shown.
Assuming a consumer has $5 to spend, if a soda costs $0.25 and a chocolate bar costs $0.50, the consumer will optimally choose to consume:
A. 0 cans of soda and 10 chocolate bars. B. at point A. C. at point B. D. 20 cans of soda and 0 chocolate bars.
For this question, assume that the Phillips curve equation is represented by the following: ?t - ?t-1 = (m + z) - ?ut. Which of the following will not cause an increase in the natural rate of unemployment?
A) a reduction in m B) a reduction in z C) an increase in ? D) an increase in the expected rate of inflation E) all of the above
Refer to the information provided in Figure 6.2 below to answer the question(s) that follow.
Figure 6.2Refer to Figure 6.2. Assume Mr. Lingle's budget constraint is AC. If the price of a gardenburger is $7.50, the price of a beer is
A. $3.75. B. $4.00. C. $7.50. D. $15.00.