The Federal Drug Administration slows the pace at which helpful medications reach the marketplace. The alternative of having the medication available to consumers earlier is an example of:
A. the opportunity cost of the Federal Drug Administration's regulation.
B. how easy it is to identify and evaluate sunk costs.
C. the marginal benefit of the Federal Drug Administration’s regulation.
D. promoting consumer health in the population.
A. the opportunity cost of the Federal Drug Administration's regulation.
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Private saving equals:
a. Y - C - T + TR b. Y + C + T + TR c. Y + C + T - TR d. Y + C - T - TR
A technological advance... the long-run aggregate supply curve and... the short-run aggregate supply curve
What will be an ideal response?
Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. higher; potential D. lower; higher
According to Keynes, which of the following should the government do when the economy overheats?
A. Practice laissez faire policies. B. Raise taxes. C. Employ more people. D. Increase spending.