The National Banking Acts of 1863 and 1864 gave the federal government power to do all the following except _____.
(A) Require banks to hold gold and silver reserves.
(B) Seize the assets of any individual.
(C) Charter banks.
(D) Issue a single national currency.
Ans: (B) Seize the assets of any individual.
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A deadweight loss arises in a perfectly competitive market as each firm is a price taker
a. True b. False Indicate whether the statement is true or false
Which of the following is a government sponsored enterprise that funds or guarantees a substantial number of mortgage loans in the U.S.?
a. Fannie Mae b. Freddy Mac c. both A and B above d. neither A nor B above
A business owned by a single person
What will be an ideal response?
If markets are competitive, policies that restrict imports are usually harmful to the importing country while policies that encourage exports are usually beneficial to the exporting country.
Answer the following statement true (T) or false (F)