Regarding the costs of regulation, which is a FALSE statement?
A) Airline safety standards have increased the price of air travel.
B) Automobile safety standards raise the price of cars.
C) Regulatory spending by federal agencies has decreased since 1970.
D) Pharmaceutical manufacturing safety standards raise the price of drugs.
C
Economics
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If the consumption function can be described as C = 200 + .80Y, the marginal propensity to save is equal to
A) -0.80. B) 0.80. C) 0.20. D) 200.
Economics
YearCPI200594200699200710020081042009117Using the information in the table shown, the rate of inflation from 2008 to 2009 was:
A. 12.5 %. B. 13 %. C. 17 %. D. 11.1 %.
Economics