Which of the following is considered a potential solution to some regulatory capture?
A. Bringing industry experts into the regulatory process.
B. Creating a standard set of regulations for all industries.
C. Deregulation of the industry.
D. Government subsidies for firms in the industry.
Answer: C
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Pick the false statement
A) It is possible for economic profit to be equal to accounting profit. B) It is possible for economic profit to be greater than accounting profit. C) It is possible for economic profit to be less than accounting profit. D) Economic profit can only occur under conditions of uncertainty.
Excess reserves of banks equal
a. actual reserves minus required reserves. b. actual reserves minus demand deposits. c. assets minus the liabilities of the banks. d. required reserves minus actual reserves.
Which bond will have a higher yield to maturity, a $1,000 face value bond, with a 5.0% coupon rate that sells for $900; or a $1,000 face value bond, with a $50 annual coupon that sells for $1,050? Explain your choice.
What will be an ideal response?
Suppose a new technology allows firms to substitute mechanical flower pickers for farm laborers. As a result, the demand curve for farm laborers will
A) become less elastic. B) become more elastic. C) shift to the right. D) not be affected.