For any transaction, the sum of consumer surplus and producer surplus is cooperative surplus
Indicate whether the statement is true or false
TRUE
Economics
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The Board of Governors of the Federal Reserve System is responsible for
a. approving changes in the discount rate. b. controlling monetary policy. c. administering discount lending. d. Both a and b e. All of the above
Economics
Economists have found evidence that differences in wages can be explained by
a. experience b. job characteristics c. physical attractiveness d. All of the above are correct.
Economics
In the long run the unemployment rate equals
a. zero. b. the cyclical rate of unemployment. c. the natural rate of unemployment. d. the sum of the cyclical and natural rate of unemployment.
Economics
The political structure that is most consistent with economic growth and progress is
What will be an ideal response?
Economics