The president of the Federal Reserve Bank of ________ is always a member of the FOMC.

A. Minneapolis
B. Boston
C. Washington, D.C.
D. New York


Answer: D

Economics

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The balance of trade account reflects only transactions associated with the international trade of goods

a. True b. False Indicate whether the statement is true or false

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Which of the following is an example of a good with a highly elastic supply curve?

a. luxury goods b. tropical vacations c. pizza d. sports vehicles

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The key dimension of deepening human capital in the U.S. economy focuses more on a higher average level of work experience than on additional education and training

a. True b. False Indicate whether the statement is true or false

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Figure 17-12


If the country illustrated in is initially trading without restrictions at a world price of $1.00, the gain in producer surplus as a result of a tariff of $0.50 per unit is represented by area
a.
c + h
b.
h
c.
c
d.
c + g
e.
g

Economics