"As compared to the benefits of economic and social regulation, the costs are minimal." Do you agree or disagree? Why?
What will be an ideal response?
Disagree. The total costs of regulation are substantial. First, the direct costs of regulation, which are ultimately paid for by taxpayers, include the costs to staff regulatory agencies and to fund their various activities. Second, there are social costs, which include the explicit costs and the opportunity costs of complying with the regulations.
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By Marks buys a one-year German government bond (called a bund) for $400. He receives principal and interest totaling $436 one year later
During the year the CPI rose from 150 to 162, but he had thought the CPI would be at 159 by the end of the year. By Marks had expected the real interest rate to be ________, but it actually turned out to be ________. A) 8%; 1% B) 6%; 3% C) 3%; 1% D) 1%; 3%
Unemployment insurance reduces hardships of unemployment but also increases the amount of structural unemployment
a. True b. False Indicate whether the statement is true or false