All of the following are regulatory commissions dealing with industrial regulation (as distinct from social regulation) except the:
A. Food and Drug Administration.
B. Federal Energy Regulatory Commission.
C. Federal Communications Commission.
D. 50 state public utility commissions.
Answer: A
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Conceptually, the efficient level of carbon emissions is the level for which
A) the marginal benefit of reducing carbon emissions is maximized. B) the marginal benefit of reducing carbon emissions is minimized and the marginal cost of reducing carbon emissions is maximized. C) the marginal benefit of reducing carbon emissions is equal to the marginal cost of reducing carbon emissions. D) the marginal cost of reducing carbon emissions is minimized.
A fiduciary monetary system means
A) that the value of each currency is determined by the amount of gold held by each nation. B) that the currency is backed by implicit faith in government. C) that money is legal tender. D) that money has commodity value.
A perfectly competitive firm has a horizontal supply curve in the short run
a. True b. False
An extremely deep and long period of negative economic growth is most accurately called:
a) Deflation. b) Inflation. c) A recession. d) A depression.