Under the U.S. system of regulation, most regulars are selected from
A) politicians and their friends.
B) the industry that is to be regulated.
C) consumer advocacy groups.
D) university professors who understand the nature of the industry and who understand the true interests of consumers.
B
Economics
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Which of the following best defines the real exchange rate?
A) the price of foreign bonds in terms of domestic bonds B) the price of foreign currency in terms of domestic currency C) the price of domestic goods in terms of foreign goods D) the price of domestic currency in terms of foreign currency E) none of the above
Economics
John derives more utility from having $1,000 than from having $100. From this, we can conclude that John
A) is risk averse. B) is risk loving. C) is risk neutral. D) has a positive marginal utility of wealth.
Economics