The main rationale for government regulatory functions is
A) to regulate for-profit institutions.
B) to make sure that firms are maximizing profits.
C) to expand the scope of the government.
D) to protect consumer interests.
D
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Consider three bonds, from Corporation X, Corporation Y, and Corporation Z. The X and Y bonds mature in 1 year, while the Z bond matures in 2 years. The Y and Z bonds have face values of $5,000 . while the X bond has a face value of $4,000 . If the interest rate is 10 percent (0.10) per year, rank the three bonds from highest present value to lowest present value
a. X, Y, Z b. Z, Y, X c. Y, Z, X d. Z, X, Y e. Y, X, Z
A situation in which a market economy leads to too few or too many resources going to a particular economic activity is known as
A) competition. B) excessive competition. C) destructive competition. D) a market failure.
If the demand curve for wedding cakes shifts to the right, then the value of the marginal product of labor for bakers will
a. rise. b. fall. c. remain unchanged. d. rise or fall; either is possible.
One of the best sources for generic job descriptions is _______________
A. Bureau of National Affairs B. Department of Labor C. O*NET D. Dictionary of Occupational Titles