The FHLBS gives loans to S&Ls and thus performs a function similar to the ________ for commercial banks
A) Federal Reserve
B) U.S. Treasury
C) Office of the Comptroller of the Currency
D) U.S. Mint
A
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Assume Bryce's budget constraint is represented by line C in the graph shown. Which of the following would cause Bryce's budget constraint to shift to A?
A. Bryce's income increased.
B. Bryce's income decreased.
C. Bryce's preferences for books and movies decreased.
D. Bryce's preferences for books and movies increased.
The problem caused by goods that are considered common resources is that they are:
A. undersupplied. B. oversupplied. C. under consumed. D. over consumed.
Which of the following is most important for the achievement of long-term prosperity and strong economic growth?
a. expansionary monetary policy b. expansionary fiscal policy c. price stability d. a balanced federal budget
The ancient Greek philosopher, Plato, concluded that in an ideal society the income of the richest person
a. would be equal to the income of the poorest person. b. would be no more than four times the income of the poorest person. c. would be reflective of the effort put forth by that person. d. would be taxed at a higher rate than the income of the poorest person.