A ruling by the Food and Drug Administration that a drug is dangerous to use and therefore cannot be marketed is an example of regulation for the purpose of
A. supply-side safety.
B. demand-side safety.
C. profit.
D. efficiency.
E. equity.
Answer: E
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In a polling survey, people are asked, "How would you rate the epic movie Titanic?" In this case, which of the following issues associated with a polling survey is most likely to affect the results?
A) The issue of framing misleading questions B) The house effect C) The issue of inadequate information in questions D) The issue of weighting E) The biased sampling error
Which of the following statements pertaining to trade blocs is true?
a. An outward looking trade bloc is open to foreign competition and provides rising living standards. b. The theory of comparative advantage does not work as it creates inefficiency. c. Australia and New Zealand have the most inefficient farms in the world as they subsidize a lot. d. The United States has had a peaceful and calm relationship with the EU concerning trade issues. e. A positive trade relationship with U.S has been the major concern and duty for Europe.