Time is primarily a __________ that can be measured in units. a. Value b. Goal c. Resource d. Decision device ANSWER C
Date: September 9th, 2020
The U.S. Office of Management and Budget plays a crucial role in the federal rule-making process. Indicate whether the statement is true or false ANSWER T A proposed rule from any branch of government goes first to the Office of Management and Budget and then proceeds through a prescribed process seeking approval.
Date: September 9th, 2020
The _________ is the yearly number of births per 1,000 women of childbearing age. a. Fertility rate b. Marriage rate affecting birth rates c. Baby rate d. Mortality rate ANSWER A
Date: September 9th, 2020
The Public Company Oversight Board oversees accounting regulation in the United States. Indicate whether the statement is true or false ANSWER T The Board was created by the Sarbanes-Oxley Act and it oversees accounting.
Date: September 9th, 2020
The Coase theorem proves that externalities will be neutralized by bargaining. Indicate whether the statement is true or false ANSWER F The Coase theorem shows that incentives exist for bargaining to an improved, more efficient equilibrium, but transaction costs may readily prevent the achievement of that outcome.
Date: September 9th, 2020
Maximizing social benefit is maximizing consumer surplus. Indicate whether the statement is true or false ANSWER F Consumer surplus plus producer surplus is a better representation of welfare. Producer surplus is welfare also, and it should be remembered that many who receive producer surplus are retirees and other shareholders who depend on income from […]
Date: September 9th, 2020
Which of the following is true? a. Families are getting bigger, across most populations b. The U.S. is growing older, median age is rising c. Minority groups are slowing down, getting smaller d. There are 59 federally recognized Indian tribes in the United States ANSWER B
Date: September 9th, 2020
A way to look at population is by density. Which of the following states is the least densely populated? a. Rhode Island b. New York c. Alaska d. New Jersey ANSWER C
Date: September 9th, 2020
It is possible for a tax to “internalize” an externality. Indicate whether the statement is true or false ANSWER T A tax can confront the cause of an externality, say one who pollutes the air, with the costs of that pollution, and thus induce efficient decisions.
Date: September 9th, 2020
The fastest growing minoritygroup in the United States is ____________. a. African American b. Asian American c. Hispanic/Latino d. Native American ANSWER C
Date: September 9th, 2020
