Regulation focused on the impact of production on the environment and society, the working conditions under which production occurs, or the physical attributes of goods, is known as
A) cost-of-service regulation.
B) rate-of-return regulation.
C) social regulation.
D) monopoly regulation.
Answer: C
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An improvement in technology will shift the production possibilities curve
A) to the left. B) along the curve. C) inward. D) to the right.
The supply curve shows the relationship between:
A. physical inputs of resources and the resulting units of output. B. total business revenues and quantity supplied. C. price and quantity supplied. D. production costs and the amount demanded.
An unexpected ________ in inventories has ________ effect on future production.
A. increase; no B. increase; a positive C. decrease; a positive D. decrease; no
When looking at the economic impact of the increase in donations to relief agencies that resulted from the terrorist attacks, you will find that GDP
A. was positively affected by this giving. B. was negatively affected by this giving. C. was unaffected by this giving. D. calculations were outsourced to Bangladesh.