The Securities and Exchange Commission is
A. responsible for regulating U.S. commercial banks.
B. responsible for enforcing antitrust law.
C. responsible for monitoring the activities of U.S. stock markets.
D. responsible for monitoring currency exchanges.
Answer: C
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The largest component of U.S. GDP is:
A.) Government services at the federal, state and local levels combined. B.) Business investment. C.) Household consumption. D.) Net exports.
Relating to the Economics in Practice on page 340: Europe has a carbon tax, and electricity producers are among the largest of the carbon producing firms. The carbon tax increased the price of electricity, and researchers found that the amount of the tax that was actually passed through to consumers reflected a ________ aggregate demand for electricity.
A. very inelastic B. unit elastic C. perfectly inelastic D. slightly elastic