Question

can you answer these questions

The chart shows a cost-benefit analysis.

A 4-column table has 3 rows. The first column is labeled Agency with entries U S D A, Department of Health and Human Services, E P A. The second column is labeled Number of rules with entries 5, 19, 32. The third column is labeled Costs in billions with entries 0.8 to 1.2, 2.4 to 5.2, 30.4 to 36.5. The fourth column is labeled Benefits in billions from 0.9 to 1.3, 16.6 to 40.2, and 112.0 to 637.6.

Which most likely explains why the costs and benefits shown by the EPA are higher than the other regulatory agencies?

The EPA legislates and enforces more regulations that reap greater benefits than the other agencies.
The EPA legislates and enforces food regulations that reap greater benefits than the other agencies.
The EPA has a larger budget than the other agencies, and its employees work longer hours.
The EPA is less efficient than the other agencies, and its employees spend more money.

A government might enact expansionary spending when it is trying to

increase aggregate demand for goods.
decrease aggregate demand for goods.
slow an economic expansion.
lower a budget deficit.

The main advantage that corporations have is

limiting liability for owners and stockholders.
giving many owners a say in business decisions.
being inexpensive and easy to establish.
requiring fewer state and federal regulations.

A new business should be based on an entrepreneur's individual interests because the entrepreneur must

have sufficient confidence to succeed.
be willing to take personal responsibility.
have enough determination to work alone.
dedicate as many hours as needed to the work.

Which of these is most likely the US government’s aim in taxing imported goods?

to protect domestic businesses
to decrease international trade
to end reliance on foreign goods
to make US markets less desirable

Answer 1

1) The EPA legislates and enforces more regulations that reap greater benefits than the other agencies.
- EPA rules often cover broad environmental impacts, so both estimated costs and benefits are larger.

2) increase aggregate demand for goods.
- Expansionary government spending is used to boost overall demand.

3) limiting liability for owners and stockholders.
- Corporations protect owners’ personal assets by limiting their legal and financial liability.

4) be willing to take personal responsibility.
- Entrepreneurs must accept responsibility for decisions and outcomes, which is why businesses should match their interests.

5) to protect domestic businesses.
- Taxes on imports (tariffs) make foreign goods more expensive to shield domestic producers.