A common complaint about environmental law and enforcement is that it
a. applies only to firms that produce goods, not services
b. is politically motivated
c. doesn't work at all
d. can be too burdensome to producers
e. still results in some pollution
D
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If the Fed does not take into account the additional policy channels available in an open economy, then ________ when conducting contractionary monetary policy
A) it is likely to decrease GDP too much and cause a recession B) it is likely to decrease GDP too little and inflation will persist C) it is likely to increase GDP too little and cause a recession D) it is likely to increase GDP too much and inflation will persist
Relative to life insurance companies, the liabilities of property and casualty insurance companies are
A) longer-term. B) more unpredictable. C) less risky. D) subject to higher taxes.
If the rate of return is higher than the cost of borrowing the:
A. investor will lose money on net after paying back the loan. B. investor will make money on net after paying back the loan. C. saver will make less money on net than the borrower. D. borrower will make more money on net than the saver.
Suppose that real GDP grew more in Country A than in Country B last year
a. Country A must have a higher standard of living than country B. b. Country A's productivity must have grown faster than country B's. c. Both of the above are correct. d. None of the above are correct.