Members of the Federal Reserve Board of Governors
A) are confirmed by the House of Representatives.
B) frequently need to deal with political pressures.
C) are members of the Federal Open Market Committee.
D) are appointed to 4 year terms.
C
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How much of each dollar spent by a consumer ultimately becomes income to someone else?
A) less than one dollar B) It depends on how much the cost there is in the distribution channel that delivers the good from the manufacturer to the consumer. C) It depends on how much labor was needed to produce the good that the consumer buys. D) one dollar
The marginal utility of a unit of good Y to Jane is
A. the additional utility that Jane gets from consuming one more unit of Y. B. defined in money terms as the minimum amount Jane is willing to pay for that additional unit of Y. C. defined in money terms as the maximum amount Jane is willing to pay for all the Y she buys except that additional unit. D. All of the responses are correct.
Which of the following risks will always be insured in a business?
a. Bad debts recorded in the company accounts b. Vital inputs required for daily production c. High-end technology based products d. Inventory stocked up in the storehouses.
Which of the following is true of a demand curve? a. It must remain stable over time
b. It can shift either rightward or leftward. c. It is possible to move along the curve, but the demand curve will not shift. d. None of the above are true.