Government rules and regulations can affect
A) market prices.
B) the strategy of business.
C) the costs of factors of production.
D) all of these choices.
D
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The U.S. Congress has given two government entities the authority to police mergers. These two entities are
A) the Antitrust Division of the U.S. Department of Justice and the Council of Economic Advisors. B) the antitrust division of the Department of State and the Securities and Exchange Commission. C) the Federal Trade Commission and the Antitrust Division of the U.S. Department of Justice. D) the Federal Trade Commission and the Internal Revenue Service.
Fannie Mae and Freddie Mac are important in the mortgage industry because:
a. They regulate banks to make sure their underwriting standards meet strict standards. b. Their mandate is to develop a secondary market in U.S. mortgages. c. Their mandate is to develop a secondary market in global mortgage markets. d. Their mandate is to develop a primary market in the U.S. mortgage market. e. None of the above.