How might command-and-control regulations be described?
a. Highly incentivized
b. Easy to implement
c. Inflexible
d. Flexible
c. Inflexible
You might also like to view...
To an economist, rational self-interest means that individuals try to weigh the expected marginal (additional) benefits and marginal (additional) costs of their decisions
a. True b. False Indicate whether the statement is true or false
Between 2000 and 2013, the world added more than 100 billion tons of carbon to the atmosphere. Between 1998 and 2013, the earth's temperature
a. rose by approximately 3 degrees Fahrenheit. b. rose by approximately 2 degrees Fahrenheit. c. showed no significant change. d. fell by 1.4 degrees Fahrenheit.
Indy has a price elasticity of demand for beer of 1.00. Suppose the price of each beer is increased by 10 percent. What will happen to the total amount Indy spends on beer?
A. It will decrease 10 percent. B. It will not change. C. It will increase 10 percent. D. It is impossible to tell.
Under a floating exchange-rate regime, following an expansion in the country's money supply, the country's monetary authority
A. must buy foreign currency in the foreign exchange market. B. may not intervene in the foreign exchange market. C. will be forced to reverse the monetary expansion. D. must buy domestic currency in the foreign exchange market.