Collateralized debt obligations (CDOs) were first issued in

The capture theory of regulation is that regulations

A) help producers to maximize economic profits. B) mean producers suffer losses. C) result in diseconomies of scale. D) benefit society, not producers. E) benefit the regulators, not the producers or the consumers.

If a job pays a wage of $50 per hour, but has a non-wage cost valued at $20 per hour, the net benefit of taking the job equals:

A) $2.5 per hour. B) $20 per hour. C) $30 per hour. D) $70 per hour.