An example of a voluntary export restriction is a:
A) U.S.-imposed limit on the total number of Honda automobiles imported from Japan.
B) regulation specifying that each imported Honda automobile must meet certain emission- exhaust guidelines.
C) decision by Japan to ship fewer Japanese-built Hondas to the United States.
D) tax of 10 percent of the value of each Honda automobile imported from Japan.
Ans: C) decision by Japan to ship fewer Japanese-built Hondas to the United States.
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Ellis, a staunch environmentalist, is hired right of graduate school by the Environmental Protection Agency. He is ecstatic about having the opportunity to promote what he believes to be the public interest
Within a few years he gets promoted to manager of his bureau. Shortly after his promotion he successfully argues for a 30 percent increase in his department's budget. How might Ellis benefit personally from an increased budget? Now suppose that it was known to be true that the best thing for the environment was for a large portion of Ellis' budget to be shifted to another department. Why might Ellis fight this change? Why might he not?
The program Save More Tomorrow (SMarT) is:
A. an experimental "forced savings" program. B. a voluntary savings program that commits a fraction of future raises to be put directly into savings. C. a voluntary savings program that involves people learning how to find high-interest accounts so their savings is worth more tomorrow. D. the "forced savings" program in Italy.
An example of a social insurance program is ____________, whereas an example of a public assistance program is _______
A. Temporary Assistance for Needy Families; unemployment compensation B. Supplemental Security Income; unemployment compensation C. Social Security; Supplemental Nutrition Assistance Program D. Medicaid; Medicare
The fundamental objective of monetary policy is to assist the economy in achieving a ________.
A. balanced budget consistent with full-employment B. money supply, which is based on the gold standard C. rapid pace of economic growth D. full-employment, noninflationary level of total output