Every consensual secured transaction involves:

A) a debtor and  a secured party.
B) collateral.
C) a security agreement and a security interest.
D) All of these.

Which of the following would best explain why regulatory capture is a problem?

A) The regulations implemented tend to reduce the profitability of the regulated industry and reduce global competitiveness.
B) Regulatory capture unduly increases the size and power of government, increasing costs for taxpayers.
C) Individuals implementing the regulations lack expertise about the industry and therefore make poor regulatory choices.
D) The regulations implemented serve the private interests of the regulated industry, rather than addressing social interests such as consumer safety and environmental protection.

Which of the following purchases is most likely to be a routine decision?

A) The purchase of your first pair of ski boots
B) Buying a bottle of champagne for a celebration
C) Buying a dozen Porterhouse steaks for a cookout with the boss
D) The weekly purchase of a current affair magazine
E) The purchase of a motorcycle helmet for $500

Which of the following statements about the problem of acid rain is accurate?

A) The 1990 amendments to the Clean Air Act addressed the problem of acid rain by requiring the installation of scrubbers in most electric generating facilities.
B) The 1970 Clean Air Act addressed the problem of acid rain by providing for an emission trading scheme.
C) The 1990 amendments to the Clean Air Act addressed the problem of acid rain by instructing electric generating facilities to build tall smokestacks.
D) The 1970 Clean Air Act addressed the problem of acid rain by requiring the installation of clean-coal technologies.