A tariff, unlike a __________, provides revenues to the government.
Fill in the blank(s) with the appropriate word(s).
quota
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According to benefit-cost analysis
a. identification of the “acceptable” risk level is based on the criterion of allocative efficiency b. the efficient risk level is found where the MSB and MSC of risk reduction are equal c. the risk level associated with the maximum difference between TSB and TSC of risk reduction is allocatively efficient d. all of the above e. none of the above
The long-run aggregate supply curve shows the relationship between
A) short-run aggregate supply and short-run aggregate demand. B) the quantity of real GDP supplied and the quantity of nominal GDP supplied. C) the real interest rate and the nominal interest rate. D) the price level and quantity of real GDP supplied.
One financial intermediary in our financial structure that helps to reduce the moral hazard from arising from the principal-agent problem is the
A) venture capital firm. B) money market mutual fund. C) pawn broker. D) savings and loan association.
Causation and Correlation are generally the same thing.
A. True B. False C. Uncertain