The regulatory agency responsible for regulating the activities of life insurance companies is
A) the FDIC.
B) the Fed.
C) the FHLBS.
D) the appropriate state agency where the company is operating.
D
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The Coase theorem states that
A) government intervention is always needed if externalities are present. B) assigning property rights is the only thing the government should do in a market economy. C) under certain conditions, the property right to an activity will be acquired by the party that values it most. D) a free-market equilibrium is the best solution to address externalities.
In the loanable funds framework, the ________ curve of bonds is equivalent to the ________ curve of loanable funds
A) demand; demand B) demand; supply C) supply; supply D) supply; equilibrium
Which of the following best describes social costs?
a. The external costs borne by other members of society, ignoring the private costs to market participants. b. The sum of external costs and private costs. c. External costs minus private costs. d. Private costs minus external costs.
Which economic organization would have the BIGGEST role in this part of the world?
a) opec b) nafta c) asean d) united nations