Regulation of enterprises by the government has always been found to make the market more efficient
a. True
b. False
Indicate whether the statement is true or false
False
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Compared with the average man, the average woman pays
A) less for health insurance but more for life insurance. B) less for life insurance but more for health insurance. C) more for life and health insurance. D) less for life and health insurance.
A point outside the production possibilities curve represents a combination of goods that is:
A. inefficient. B. efficient. C. unattainable. D. attainable.
Which of the following correctly describes the spending multiplier?
A. The initial change in consumption, investment, government spending, or net exports divided by the change in equilibrium GDP. B. An initial increase in aggregate expenditures divided by the equilibrium GDP. C. An initial increase in aggregate expenditures divided by the change in equilibrium GDP. D. The ratio of the change in real GDP to an initial change in any component of aggregate expenditures.
The foreign exchange rate
A. is not relevant when comparing the GDPs of various countries. B. is the price of one currency in terms of another. C. is the same as the price of a product in U.S. dollars. D. is the price of one good or service as compared to a similar good or service.