The case for deregulation rests on the argument that
A. Economies of scale are better achieved with the invisible hand.
B. Government imperfections are worse than the market imperfections they were designed to cure.
C. Regulation is desirable and efficient, but a laissez-faire approach is more equitable.
D. Public goods are best provided by laissez faire.
Answer: B
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If the U.S. dollar depreciates in the foreign exchange market, American exports will be __________ and American imports will be __________
a. more expensive; more expensive b. cheaper; cheaper c. less expensive; less expensive d. less expensive; more expensive e. there will be no change
Samantha has been working for a law firm and earning an annual salary of $90,000 . She decides to open her own practice. Her annual expenses will include $15,000 for office rent, $3,000 for equipment rental, $1,000 for supplies, $1,200 for utilities, and a $35,000 salary for a secretary/bookkeeper. Samantha will cover her start-up expenses by cashing in a $20,000 certificate of deposit on which
she was earning annual interest of $1,000 . Assuming that there are no additional expenses, Samantha's total annual cost of production will equal a. $55,200 b. $221,400 c. $91,000 d. $146,200 e. $145,200
Which of the following is not a reason to hold stock?
A. To receive potential capital gains. B. To receive payments on the firm's debt. C. To take part in the selection of the board of directors. D. To receive potential dividends.
If a society's consumption possibilities are identical to its production possibilities that society has
A. a closed economy. B. a free trade policy. C. an open economy. D. a two-person economy.