State-chartered banks that are members of the _____________ System are examined by the Federal Reserve.
Fill in the blank(s) with the appropriate word(s).
Ans: Federal Reserve
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Suppose Sarah owns a small company that makes wedding cakes. The table below shows how Sarah's total cost varies depending on the number of wedding cakes she makes each day.Number ofCakes Per DayTotal CostPer Day0$1001$1802$2203$3004$4005$5206$660If Sarah's fixed costs double, then in the short run, her profit-maximizing level of output:
A. will increase. B. will shrink to zero if she starts earning a loss. C. will decrease. D. will not change.
China, the last large communist society,
a. has proved that a command economy has far less pollution problems than capitalist economies. b. has urban smog levels higher than Los Angeles. c. has the world's most sophisticated pollution-control devices. d. has lowered its level of pollution dramatically since 1980.
Economic growth can be drawn in a diagram by
A. shifting the production possibilities curve out. B. shifting the production possibilities curve in. C. making the production possibilities curve more bowed out. D. making the production possibilities curve less bowed out.
Assume that there was a 5 percent increase in the price of all goods in 2015; if the base year is 2014, then the price index in 2015 will be
A. 105. B. 1100. C. 95. D. 110.