In the United Kingdom, regulation of the financial system is concentrated in two agencies. They are:
A. The Financial Conduct Authority and the Bank of England.
B. The Financial Conduct Authority and English Banking Authority.
C. The Bank of England and the U.K. Treasury.
D. The Federal Deposit Insurance Conglomerate and the Bank of England.
Answer: A
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Which combination of fiscal policy actions would most likely offset each other?
A. An increase in taxes, but no change in government purchases B. A decrease in taxes and an increase in government purchases C. An increase in taxes and an increase in government purchases D. A decrease in government purchases, but no change in taxes
The cross-price demand for capital (relative to the wage) may slope up or down.
Answer the following statement true (T) or false (F)
Which of the following is more likely to have perfectly elastic or nearly perfectly elastic demand?
A) a textbook required for an economics course B) the guitar produced by a master craftsman C) milk produced by a Wisconsin dairy farmer D) the services offered by the only allergist in the community
If water quality law prevents the achievement of the efficiency criterion
a. that law must be repealed b. a “second-best” economic solution is to identify cost-effective policy initiatives c. cost-effectiveness is also prevented d. polluting sources should abate up to the point where total social benefits are maximized