Which considerations regarding regulatory policies were related to the production of the Toyota Prius in the United States?
A.Toyota had to make sure it complied with health and safety regulations.
B. Since the car was a hybrid, Toyota did not have to worry about federal emissions standards.
D. All of the above
C. Since Toyota is a Japanese producer, the regulatory policies of the United States did not apply to its new cars.
D. All of the above
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Refer to Figure 7-4. With insurance and a third-party payer system, what is the amount of the deadweight loss?
A) $0 B) $1,500 C) $3,000 D) $9,500
If increases in total spending are not offset by increases in the supply of goods and services, the average price level will rise. Which of the following factors is responsible for this rise?
a. Cost-push inflation b. Fiscal deficit c. Demand-pull inflation d. Wage-push inflation e. Unemployment
Monetarists believe that: a. the government should follow a fixed rule to change money supply in response tobusiness cycles
b. the government should not use discretionary monetary policy to achieve its goals ofeconomic growth and low inflation. c. government intervention should be well thought out and should be used only during recessions. d. government intervention in the economy makes business cycles disappear. e. government intervention policies have only long-run effects.
State governments’ main source of revenue is
A. property taxes. B. income taxes. C. excise taxes. D. sales taxes.