Where are coins manufactured?
(A) Federal Reserve Banks
(B) Bank holding companies
(C) United States Mint
(D) Bureau of Engraving
Ans: (C) United States Mint
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Which statement is true?
A. We have had a central bank since 1789. B. We have never had a central bank. C. Our central bank was formed in 1913. D. We did not have a central bank prior to the Federal Reserve.
Firms in an oligopoly
A) act independently. B) engage in strategic behavior. C) have perfect knowledge of the behavior of others. D) openly collude.
The United States has benefited from NAFTA substantially in terms of increased ____, which has lowered prices and given consumers more choices.
a. prices b. variety c. manufacturing jobs d. quality
A movement up or down the AD curve is due to changes in the prices of all final goods and services, whereas a movement up and down the demand curve for any individual good is due to a change in the price of that good while all other prices are held constant.
Indicate whether the statement is true or false.