Regarding the costs of regulation, which is a FALSE statement?
A. Regulatory spending by federal agencies has decreased since 1970.
B. Automobile safety standards raise the price of cars.
C. Pharmaceutical manufacturing safety standards raise the price of drugs.
D. Airline safety standards have increased the price of air travel.
Answer: A
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Describe what is a J Curve?
What will be an ideal response?
In the Mundell-Fleming model, the exogenous variables are
a. government spending, taxes, and income. b. the exchange rate and the price level. c. the price level, the world interest rate, monetary policy, and fiscal policy. d. the world interest rate, the price level, and the exchange rate. e. none of the above.
According to the text, large slave plantations were _____ efficient than farms without slaves because (among several reasons) _______
a. more, the intensity per hour with which slaves worked was high b. more, large plantation owners used political power to control the best land c. less, free men worked harder than slaves d. less, slaves frequently sabotaged production
Which of the following forms of money is the least liquid?
a. Dollars. b. Checking account deposits. c. Passbook savings. d. Certificates of deposit.