A difference between economic regulation and social regulation is that
A. the former tends to affect the prices at which products are sold and the latter does not.
B. the former tends to be specific to an industry and the latter tends to affect firms in all industries.
C. the former tends to be done at the state level and the latter at the federal level.
D. the former tends to affect the profits of firms and the latter does not.
Answer: B
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Use the following graph to answer the next question.
In the graph, Dt is the transactions demand for money, Dm is the total demand for money, and Sm is the supply of money. The market is in equilibrium at the 6% rate of interest. If the money supply then decreases as shown, the transaction demand for money will change by
A. $0. B. $75. C. $175. D. $125.
A major benefit of a health savings account is that it
A) combats moral hazard. B) means more health care services will be demanded. C) eliminates rising health care costs. D) creates the incentive to see a doctor regularly.
In the long run, an improvement in a nation's standard of living is reflected by a: a. zero rate of population growth. b. high rate of economic growth. c. high rate of consumption
d. high rate of labor force growth.
An increase in the real interest rate will increase the
a. current market value of assets yielding income in the future. b. size of the inflationary premium. c. cost of current consumption goods relative to future consumption. d. net present value of $100 to be received one year from now.