According to OSHA standards, the air in the building that a person works in is unsafe. The type of regulation that OSHA engages in is known as
A. command and control.
B. social regulation.
C. the market share test.
D. economic regulation.
Answer: B
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Which of the following statements is true?
A) Lower wages are normally offered for jobs with better amenities. B) Jobs that are relatively risky pay a lower wage than other safer jobs. C) Educational qualifications and wage rates are negatively correlated. D) Incentives are normally higher for desirable occupations in comparison to undesirable occupations.
Recessionary gaps can be cured by raising government expenditures.
Answer the following statement true (T) or false (F)
If a company reports that it is going to have a difficult time meeting its debt obligations, you would expect the Ptoday: Ptoday = 
A. to remain about the same until the Dtoday actually changes. B. to fall since the risk premium will likely rise. C. to fall since the risk-free return will rise. D. to rise since the Dtoday will likely fall.
If the opportunity costs of producing a good increase as more of that good is produced, the economy's production possibility frontier will be
A. a negatively sloped straight line. B. negatively sloped and "bowed inward" toward the origin. C. negatively sloped and "bowed outward" from the origin. D. a positively sloped straight line.