Property and casualty insurance companies tend to invest heavily in municipal bonds because
A) the bonds have higher yields than corporate bonds.
B) property and casualty insurance companies are required by regulators to hold at least 20 percent of their assets in the form of municipal bonds.
C) the bonds are tax-exempt.
D) they hold large state and local government pension funds, thus requiring them to hold an equal amount of municipal bonds.
C
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Regulation focused on the impact of production on the environment and society, the working conditions under which production occurs, or the physical attributes of goods, is known as
A) cost-of-service regulation. B) rate-of-return regulation. C) social regulation. D) monopoly regulation.
James is currently unemployed. He is disappointed every Sunday when none of the job advertisements in the newspaper are for workers with his particular skill set. What type of unemployment is James experiencing?
A. natural unemployment B. seasonal unemployment C. cyclical unemployment D. structural unemployment E. frictional unemployment
When the top marginal tax rate fell from 40 to 35 percent, with other things the same, the U.S. income tax system became:
A. more progressive. B. regressive. C. proportional. D. less progressive.
What are the basic purposes of antitrust policy?
What will be an ideal response?