The Peltzman study suggests that minimum standards of quality
a. overall create a net benefit for consumers by protecting them from dangerous products.
b. overall hurt consumers by limiting entry and raising prices.
c. are beneficial to consumers only when they are strictly enforced.
d. rarely have any significant effect on the market.
b. overall hurt consumers by limiting entry and raising prices.
Economics
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Expansionary fiscal policy involves increasing government purchases or increasing taxes
Indicate whether the statement is true or false
Economics
The Federal Deposit Insurance Corporation
a. protects depositors in the event of bank failures. b. has become insolvent in recent years due to a large number of bank failures. c. is part of the Federal Reserve System. d. in practice has seldom been of much use.
Economics