In the United States, government regulation is primarily designed to:
A.) Protect the environment through government ownership of natural resources.
B.) Prevent businesses from competing with each other.
C.) Protect labor, consumers, and the environment.
D.) Determine all the answers to the WHAT, HOW and FOR WHOM questions.
C.) Protect labor, consumers, and the environment.
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Opportunity costs are
A) always marginal costs. B) never marginal costs. C) not related to marginal costs. D) sometimes marginal costs. E) sunk costs.
If the British pound (£) appreciates by 10% against the dollar:
a. both the US importers from Britain and US exporters to Britain will be helped by the appreciating pound. b. the US exporters will find it harder to sell to foreign customers in Britain. c. the US importer of British goods will tend to find that their cost of goods rises, hurting its bottom line. d. both US importers of British goods and exporters to Britain will be unaffected by changes in foreign exchange rates. e. all of the above.