All of the following are forms of social regulation EXCEPT
A) the Food and Drug Administration regulating the quality of drugs.
B) the Public Utility Commission regulating the price of telephone service.
C) the Environmental Protection Association regulating automobile emissions.
D) the Occupational Safety and Health Administration regulating workplace safety.
B
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How does a currency drain affect the money multiplier?
What will be an ideal response?
Resources that are ________ tend to be carefully managed to provide profits, which ensures that they will last a long time
A) publicly held B) privately owned C) scarce D) abundant
In the model of monopolistic competition, trade costs between countries cause
A) marginal costs of exported goods to exceed the marginal costs of goods sold domestically. B) marginal costs of goods sold domestically to exceed the marginal costs of exported goods. C) all firms that can earn a profit on domestic sales to export their goods at lower prices. D) all firms that can earn a profit on domestic sales to export their goods at higher prices. E) countries to negotiate the elimination of trade costs by mutual subsidization of trade.
Holding other factors constant, decreasing the amount and duration of unemployment benefits would likely
A) decrease cyclical unemployment and the natural rate of unemployment. B) increase structural unemployment and the natural rate of unemployment. C) increase frictional unemployment and the natural rate of unemployment. D) decrease the natural rate of unemployment.