Answer the following statement(s) true (T) or false (F)
1. Comparative risk analysis is aimed at minimizing the absolute level of a risk.
2. Risk-benefit analysis and benefit-cost analysis are examples of risk management strategies.
3. President Regan’s Executive Order 12291 called for the explicit use of risk-benefit analysis.
4. Economists support the use of allocative efficiency as a criterion to identify the “acceptable” level of risk.
5. In the United States, all environmental laws setenvironmental risk at a level where the MSB equals the MSC.
1. False
2. True
3. False
4. True
5. False
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If we as individuals would continue to spend more than we made, we would sooner or later have to pay up or go bankrupt. Our government is in the same position or will be unless we get serious about our liabilities and reduce expenditures enough to reduce the deficits or increase revenues enough to pay our bills and have some left over to pay the old bills. Evaluate this statement.
What will be an ideal response?
An increase in the money supply is represented by a(n):
A. rightward shift of the downward-sloping money supply curve. B. upward shift of the money supply curve. C. rightward shift of the money supply curve. D. increase in the rate of interest.