All of the following are ways in which the government can help insure the quality of information consumers receive except
A) enforcing truth-in-advertising standards.
B) awarding monopolies to political supporters and family members.
C) requiring businesses to undergo audits of their financial conditions.
D) publishing the academic performance of schools.
B
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Although current U.S. tariffs are quite low on average, tariffs remain high for some products
Indicate whether the statement is true or false
Marissa walks into a convenience store to buy something to drink. As she stares into the cooler, her opportunity cost of choosing a Gatorade is:
A. obvious. It's the value she places on whatever drink she would choose if she didn't pick Gatorade. B. distant and abstract. It's the value she places on whatever drink she would choose if she didn't pick Gatorade. C. obvious. It's the value she places on all the other drinks she could choose instead of Gatorade. D. distant and abstract. It's the value she places on all the other drinks she could choose instead of Gatorade.
If the reserve ratio is .05, the money multiplier can be as high
A. as 10. B. as 50. C. as 5. D. as 20.
The economic approach to all of the external costs associated with automobiles is:
A. government setting a maximum on each type of external cost. B. government subsidy. C. internalizing the external costs using an optimal tax. D. All of these