Author Question: The public sector of the U.S. economy includes: a. the federal, state, and local government. b. ... (Read 270 times)

james9437 · **on:** Jun 30, 2018

The public sector of the U.S. economy includes:
a. the federal, state, and local government.
b. multinational corporations and the federal government.
c. the Federal Reserve bank of the U.S.
d. the judiciary and the federal government.
e. households.

Question 2

Which of the following is an example of the opportunity cost involved with social regulation?
a. The monetary costs of hiring administrative assistants to fill out OSHA safety reports
b. The environmental costs of pollution control required under the Clean Air Act
c. The monetary costs of laboratory trials required to try out a new drug
d. The lives that are lost because new drugs are not introduced quickly
e. The monetary cost of manufacturing a life saving drug