President Jackson's reasons for vetoing the recharter of the Second Bank of the United States did not include
a. fears that the bank was nearing insolvency.
b. questions of constitutionality.
c. concerns over foreign ownership.
d. fears that the bank could undo democracy itself.
a. fears that the bank was nearing insolvency.
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To make the calculation of real GDP more accurate, in 1996 the BEA switched to using
A) base-year prices. B) chain-weighted prices. C) current prices. D) market prices.
The difference between the value of what a firm sells and its cost of producing it is referred to as
a. gross private investment b. value added c. net exports d. value of product e. expenditure approach
Why do pharmaceutical firms benefit most from patent protection?
A. Because research and development of drugs require large expenditures that need to be recouped while the patent is still valid. B. Because pharmaceutical drugs need to be controlled by the government. C. Because pharmaceutical companies pay large taxes to the government. D. Because only physicians can legally prescribe pharmaceutical drugs.
What is the maximum number of voting members of the FOMC?
A. 7 B. 48 C. 4 D. 12