The Department of Transportation certifies motorcycle helmets, and all helmets certified carry a "DOT" logo. This is an example of
A) government overreach.
B) screening.
C) signalling using established standards.
D) licensing to restrict entry by helmet manufacturers.
C
Economics
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The costs in time and other resources that parties incur in the process of agreeing to and carrying out an exchange of goods or services are called
A) selling costs. B) exchange costs. C) transactions costs. D) implicit costs.
Economics
If Elvira purchases a $10,000 face value one-year Treasury bill for $9,302.33, the interest rate she will receive on the Treasury bill is
A) 1.07%. B) 6.98%. C) 7.5%. D) 9.3%.
Economics