Although a statement enumerating appropriate ethics standards was articulated in 1991, attempts to regulate interest groups have never made it through the Texas State Legislature.
Indicate whether the statement is true or false
Ans: False
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The term ceteris paribus is an economic assumption that means
A) let the buyer beware. B) common sense is reality. C) the detail is in the interrelationship. D) other things being equal.
When a transfer price is set lower
a. the costs of the division using the intermediate product will fall b. the profits of the division using the intermediate product will be unaffected c. the profits of the division using the intermediate product will fall d. the profits of the division using the intermediate product will rise
When the relationship shown in the Phillips curve is put into the aggregate demand curve, the horizontal portion of the aggregate demand curve disappears
Indicate whether the statement is true or false
Three factories in Stinky City emit high quantities of sulfur dioxide into the local environment. The city government decides to set up a ____________________ that divides the allowable amount of this pollutant between the three companies. The companies can buy and sell these instruments, but the allowable amount of emissions goes down every year.
a. marketable permit program b. pollution charge c. pollution credit d. fine system