The Federal Reserve System

What will be an ideal response?


both

Economics

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There are 72,922 seats in Lambeau Field where the Green Bay Packers play football. The Packers have sold out their season tickets since 1960. There are about 80,000 people on the waiting list to buy season tickets in 2015

If the Packers raised ticket prices, the A) demand for Packers tickets decreases. B) demand curve for Packers tickets shifts leftward. C) demand curve for Packers tickets shifts rightward. D) the quantity demanded of Packers tickets decreases.

Economics

Independent, non-monopoly firms have an incentive advantage over monopolies in new-product innovation

Indicate whether the statement is true or false

Economics

Which of the following statements about the Supplemental Security Income (SSI) program is FALSE?

A) It is designed to establish nationwide minimum incomes for the aged, the blind, and the disabled B) Benefits are based on need. C) Recipients who receive benefit payments under Social Security are also eligible for SSI. D) It covers children and individuals with mental disabilities, including drug addicts and alcoholics.

Economics

If a firm refuses to hire any minorities due to a personal prejudice, its profits

a. will increase markedly. b. will not be affected. c. will increase slightly. d. will decrease.

Economics