The Board of Governors of the Federal Reserve System is
A. appointed by the Congress.
B. appointed by the President with approval of the U.S. Senate.
C. elected by members of the American Banking Association.
D. elected by the public.
Answer: B
You might also like to view...
If a firm experiences diminishing returns its marginal product must be negative
Indicate whether the statement is true or false
Assume that you had a ticket for a basketball playoff game that you bought for $50, the maximum price you were willing to pay
If a friend of yours offers to buy the ticket for $100 but you decide not to sell it, how can your decision be explained? A) by the endowment effect B) You expect to receive greater utility from attending the playoff game than you received from buying the ticket. C) by the law of diminishing marginal utility D) The income effect from the increase in the price of the ticket from $50 to $100 was greater than the substitution effect.
You have two career options. You can work for someone else for $50,000 a year, or, you can run your own business, with an annual revenue of $100,000, and explicit costs of $40,000 annually. Explain which career option a profit-maximizer would select and why
What will be an ideal response?
As we move along the production possibilities frontier,
A) the production of one good increases as the production of the other good decreases. B) more of both goods can be produced. C) the possibilities of tradeoffs diminish. D) a tradeoff is not possible because nations need all goods. E) less of both goods can be produced.