Recently, the American Institute of Certified Public Accountants changed the educational requirements for certification from 120 college credits to 150 college credits. This policy change represents
A) an increased cost to potential entrants
B) a reduction in costs for incumbents
C) an increased cost for incumbents
D) accommodated entry
A) an increased cost to potential entrants
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In the last two decades of the 20th century, developing countries as a whole have
a. grown more slowly than developed countries b. grown a bit more rapidly than developed countries c. grown much more rapidly than developed countries d. made very little progress e. none of the above
Suppose a dangerous workplace is made safer through the installation of guards and other equipment that reduce the physical hazards of the work environment. If we observe no reduction in injuries, we might conclude that
A) the safety equipment isn't adequate and better equipment should be installed. B) the firm has responded by lowering wages and hiring less capable people who are more likely to be injured. C) the injury rate before installation of the safety equipment had been underreported. D) workers responded to the safer environment by not exercising as much care themselves, generating more injuries than if they had not changed their behavior.
Which of the following is included in the M1 money supply?
A) Bonds B) Credit cards C) Gold D) Deposits in checking accounts E) All of the above.
A person is betting a coin will come up heads or tails. The coin always lands on one of these two outcomes. This person can bet to
A) eliminate only the systematic risk. B) eliminate only the random risk. C) eliminate all risk. D) All of the above.