Government mandated safety standard within firms
A) will always decrease efficiency.
B) can increase efficiency by avoiding a prisoner's dilemma outcome.
C) are unnecessary because of asymmetric information.
D) will create unfair competition among firms.
B
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The industrialized group of countries has growth rates that are consistent with the findings of the economic growth model
That is, Taiwan, Korea, and Singapore had ________ incomes in 1960 than the United States and Switzerland, and Taiwan, Korea, and Singapore grew ________ than the United States and Switzerland between 1960 and 2010. A) lower; more rapidly B) greater; more rapidly C) greater; less rapidly D) lower; less rapidly
Refer to the saving schedule above. As income falls from level 3 to level 2, the amount of:
A. Dissaving decreases
B. Dissaving increases
C. Saving decreases
D. Saving increases