The benefits of social regulation usually are
A. always a zero sum.
B. difficult to measure.
C. less than the costs of social regulation, reducing overall welfare.
D. obvious to people while the costs are hidden.
Answer: B
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The aggregate demand curve is downward sloping because increases in the price level affect people's real wealth, their lending and borrowing activity, and the nation's trade with other nations in such a way that the quantities demanded for the goods and services produced in the economy decrease
Indicate whether the statement is true or false
John is trying to decide whether to expand his business or not. If he continues his business as it is, with no expansion, there is a 50 percent chance he will earn $100,000 and a 50 percent chance he will earn $300,000. If he does expand, there is a 30 percent chance he will earn $100,000, a 30 percent chance he will earn $300,000 and a 40 percent chance he will earn $500,000. It will cost him $150,000 to expand. The difference in expected earnings if John chooses to expand versus not expand is:
A. $120,000. B. $200,000. C. $320,000. D. $150,000.
Compared to consumption spending, investment historically has tended to be
A. more variable. B. greater. C. stagnant. D. more stable.
Firms engaged in international trade can reduce exchange-rate risk by:
A. paying for foreign goods only when they are delivered. B. buying on credit. C. hedging in the futures market. D. dealing only with highly reputable firms.