All of the following are possible criticisms of social regulation EXCEPT
A. that the regulations lead to higher production costs.
B. that the costs may outweigh the benefits.
C. that social regulation may create anticompetitive effects.
D. that the regulations have not resulted in safer working conditions.
Answer: D
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The Bureau of Economic Analysis calculates the PCE deflator ________
A) every month B) every two months C) every three months D) every year E) twice each month
How can actual investment be greater than desired investment, and what type of gap is the economy experiencing when this occurs?
What will be an ideal response?
Specialization and exchange result from differences in productivity that lead to
A) self-sufficiency. B) comparative advantage. C) absolute advantage. D) opportunity cost.
Unlike the Federal Reserve Bank of today, the First and Second Banks
(a) could create corporations by special franchise. (b) were generally supported by the rest of the banking community. (c) were direct competitors with private business. (d) provided a federal safety fund in times of well banking crisis.