The total costs of federal regulation
A) encompasses only explicit costs of satisfying regulatory demands.
B) also includes the explicit costs associated with regulations issued by 50 different state governments.
C) encompasses only opportunity costs of satisfying regulatory demands.
D) encompasses both explicit and opportunity costs of satisfying regulatory demands..
D
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The table above shows Tom's total utility from milkshakes and sodas. Tom's total budget for milkshakes and sodas is $20.00 per week. Milkshakes cost $2.00 each and sodas cost $.50 each
What quantity of milkshakes does Tom purchase at his consumer equilibrium? A) five B) six C) seven D) eight
Assuming labor forces of equal size, the production possibilities curves suggest that workers in West Mudville will have:
A. lower wages than workers in East Mudville before trade but equal wages after trade.
B. higher wages than workers in East Mudville both before and after trade.
C. lower wages than workers in East Mudville both before and after trade.
D. higher wages than workers in East Mudville before trade but lower wages after trade.