How many dollars would it cost to buy an Edinburgh Woolen Mill sweater costing 50 British pounds if the exchange rate is 1.80 dollars per one British pound?
A) 40 dollars
B) 90 dollars
C) 50 dollars
D) 100 dollars
E) 95 dollars
B
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The main policy-making body of the Federal Reserve System is the
A) Board of Governors. B) Federal Open Market Committee. C) Federal Reserve Banks. D) member commercial banks.
From the 1970s through the 1990s, the relative price of a college education has increased greatly. During the same time period, college enrollment has also increased. This evidence suggests that during this time period
A) the demand curve for a college education has shifted leftward. B) the demand curve for a college education has shifted rightward. C) the supply curve for a college education has shifted leftward. D) the supply curve for a college education has shifted rightward.
Which of the following is a unique characteristic of the oligopolistic market structure?
a. low barriers to entry b. a large number of firms c. product differentiation d. mutual interdependence among firms
In the United States, government is the sole property owner of:
A. labor. B. knowledge. C. land. D. air.