Joe works in a factory producing chemicals used in paint manufacturing. If he is concerned about the effects of the chemicals that he works with on his health, he should contact which regulatory agency?
A. Securities and Exchange Commission (SEC)
B. Environmental Protection Agency (EPA)
C. Food and Drug Administration (FDA)
D. Occupational Safety and Health Administration (OSHA)
Answer: D
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Under monopoly, resources are allocated as efficiently as in perfect competition.
Answer the following statement true (T) or false (F)
The practice of data mining is consistent with the assumptions made in econometric analysis.
Answer the following statement true (T) or false (F)
An automobile is an asset, but it is not liquid because:
A. the owner may still be making payments on the loan. B. the automobile may not be in good repair. C. the transactions costs for turning it into money are high. D. the automobile cannot be sold without a loss in value.
The only variable that can affect a movement along the demand curve is
A) income levels. B) the price of the good itself. C) the number of buyers. D) the number of substitutes.