The current chair of the Federal Reserve System is
A. Tim Geithner.
B. Hillary Clinton.
C. Ben Bernanke.
D. Alan Greenspan.
E. Jerome Powell.
Answer: E
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Wealth is
A) equivalent to saving. B) another name for income. C) the same as investment in financial capital. D) defined as the money in your savings account. E) the value of all the things that a person owns.
An increase in a family’s income will cause its budget line to
A. become steeper. B. become flatter (less steep). C. move closer to the origin. D. move away from the origin. E. become more convex toward the origin.
About what percent of total world trade is accounted for by countries that belong to the World Trade Organization?
a. 54 percent b. 72 percent c. 89 percent d. 97 percent
Consumer?consumer rivalry arises because of:
A. the scarcity of goods available. B. human nature. C. the limited number of suppliers. D. None of the statements associated with this question are correct.