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Social regulation is undertaken with the intention of improving the quality of life. The agencies most people are familiar with include: the Food & Drug Administration (FDA); the Equal Employment Opportunity Commission (EEOC); the Occupational Safety & Health Administration (OSHA); the Environmental Protection Agency (EPA); and the Consumer Product Safety Commission (CPSC).
Select one of the social regulatory agencies that you feel has affected your life. Explain why you chose this agency and what the impacts to you have been. Do you consider the impact to be positive or negative? Why?
For the agency you selected, do an Internet search to find a specific example of an action this agency took regarding a specific situation or product. Write a summary of what you found "in your own words" and include the exact URL so we can all visit the webpage. Use quotation marks if any content is used directly from the outside source.
Opponents to regulation dislike government involvement in the markets. Should the government be involved in social regulation? Why or why not?
Suppose the Fed conducts an open market sale by selling $10 million in Treasury bonds to Acme Bank. Sketch out the balance sheet changes that will occur as Acme restores its required reserves (10% of deposits) by reducing its loans.
What are the three questions that must be answered in order to determine the consumers' willingness to pay in a mixed market of cars with both Lemons and plums?
Suppose in a particular country, GDP per capita was $3400 in 1960 and $44000 in 2005. What is the average annual growth rate of GDP per capita in this country? How many years it will take for the GDP per capita to double, if it continues to grow at t..
Explain the role of the Federal Reserve, who monitors it and is it effective in its job? Evaluate one of the strategies of the Federal Reserve.
B would cost $1.5 and save $$400K pa. C would cost $2.1M and save $500K pa. For each of the alternatives. Construct a Choice Table based on the chosen MARR.
Suppose a consumer live two periods, in the first have an income m1 = 30 and in the second an income of m2 = 20. Suppose the interest rate is 10% and can borrow and lend at that interest rate. What is the maximum quantity he can consume in the first ..
James has a utility function given by , where is the amount of product 1 consumed per period and is the amount of product 2 consumed per period. Derive James’ Marshallian demand functions for and , expressed as functions of the prices of goods 1 and ..
A decrease in demand will cause a (n) With the total cost and total revenue curves, we measure economic profit by the ______ between the two curves. With the per-unir curves, we measure economic profit by a (n) ______.
Medical costs are once again rising rapidly, forcing health care back into political prominence. This issue direct affects you as a student, family member, employer, and/or employee. The problem of medical costs is so pervasive that it underlies thre..
What is the capitalized equivalent amount worth, at 8% annual interest compounded semi annually, for a present initial cost investment of $50,000, a series of semi annual positive disbursement of $5,000 that extent to infinity, and in 12 years there ..
Which schools of management thought are illustrated in this case? Customers’ perception of quality includes performance, reliability, durability, serviceability, and aesthetics. What else do car customers want? Add to the perception of quality and cr..
A tractor costs $19,195 and will be used for 5 years, at which time its estimated salvage value will be $4,000. Maintenance costs are estimated to be $100 for the first year, increasing by $100 each year thereafter. If i=12%, calculate the equivalent..
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