The Food and Drug Administration (FDA) is an agency that would enforce
A) social regulation.
B) economic regulation.
C) antitrust laws.
D) price discrimination.
A
You might also like to view...
Suppose that the value of the long-run absolute elasticity of demand for a good is one. Then, we know the short-run absolute price elasticity of demand will be
A) inelastic. B) greater than one. C) elastic. D) less than one.
The market for agricultural products such as wheat or corn would best be described by which market model?
A. Monopolistic competition B. Pure competition C. Pure monopoly D. Oligopoly
Using this consumption function, autonomous consumption is
A) $0. B) between $1 and $2 trillion. C) more than $2 trillion and less that $5 trillion. D) more than $5 trillion and less than $8 trillion. E) more than $8 trillion.
For each of the following policy options the government can undertake to make the debt sustainable, explain the economic consequences and the resulting change to potential GDP: a. increasing seigniorage b. increasing taxes on wages c
increasing taxes on capital income d. decreasing expenditure on government capital goods e. decreasing expenditure on transfer programs such as Social Security, Medicare, and Medicaid