Which of the following is concerned with social regulation?
A) Federal Reserve Board
B) Sherman Commission
C) Food and Drug Administration
D) Board of Education
Answer: C
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A negative balance in the capital and financial account means the economy is
A) lending to the rest of the world. B) running a capital account surplus. C) borrowing from the rest of the world. D) importing more than it is exporting.
Assume peanut butter and jelly are complements. Ceteris paribus, an increase in the price of peanut butter will cause the equilibrium price of jelly to
A. Decrease and the equilibrium quantity of jelly to decrease. B. Increase and the equilibrium quantity of jelly to decrease. C. Decrease and the equilibrium quantity of jelly to increase. D. Increase and the equilibrium quantity of jelly to increase.
Growth in potential GDP in the United States from 1949 to 2017 was estimated to be about
A) 8.25% per year. B) 5.0% per year. C) 3.2% per year. D) 1.5% per year.
Teacher pensions in the U.S. are frequently defined by the "________" clause.
A. rule of 60 B. rule of 65 C. rule of 85 D. rule of 70