An example of the command-and-control approach is public education.
Answer the following statement true (T) or false (F)
True
By having the government mandate and fund compulsory education, society has benefited from the command approach.
Economics
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Using the utilitarian criterion, it is possible that slavery could be in the public interest
a. True b. False
Economics
If the reserve requirement is 20% and commercial bankers decide to hold additional excess reserves equal to 5% of any newly acquired checkable deposits, then the effective monetary multiplier for the banking system will be
A. 3. B. 4. C. 5. D. 6.
Economics