The government agency that controls the development and availability of new medical discoveries, including pharmaceutical drugs is
a. the Health Care Financing Administration.
b. the Food and Drug Administration.
c. the Centers for Disease Control.
d. the National Institutes for Health.
e. the Federal Emergency Medical Administration.
B
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Improvements in a country's standard of living are brought about in the long run by
A) technological progress. B) growth in the population. C) constructing more machines and buildings. D) immigration policy.
The government requires the steel industry to adopt new eco-friendly machines, which cannot be used in other industries. If the machines are very expensive and the capital market does not work efficiently, then
A) entrants are encouraged to enter the market and adopt the new machines. B) firms can easily leave the steel industry without loss. C) entrants are discouraged by the new requirements. D) None of the above.