The government uses two measures, _____________________________ regulations and ____________________________ regulations to curb pollution.
Fill in the blank(s) with the appropriate word(s).
command-and-control; incentive-based
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When the coupon rate on newly issued bonds decreases relative to older, outstanding bonds, what happens?
A) Older bonds will sell for more than their face value. B) Older bonds can still be sold at their face value. C) The market price of the older bond falls in the secondary market. D) The market price of the older bond rises in the secondary market.
A large corporation's profit objective may not be profit or wealth maximization, because
A) stockholders have little power in corporate decision making. B) management is more interested in maximizing its own income. C) managers are overly concerned with their own survival and may not take all prudent risks. D) All of the above
Trade between nations is based on absolute advantage, which occurs when a country has a lower opportunity cost of producing a good
a. True b. False Indicate whether the statement is true or false
The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A