The Fed's responsibilities include controlling the money supply, clearing checks, and supervising and regulating banks
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
In choosing among alternative courses of action, Raj must consider how others might respond to the action he takes. In the language of game theory, we say that Raj must think
a. openly. b. strategically. c. dominantly. d. cooperatively.
The Federal Reserve's surveys of bank loan officers contain questions about:
A. the quantity and quality of loans. B. the interest rates being charged. C. the supply of and demand for loans. D. all of the answers given are correct.
The above figure shows the production possibility frontier for a country. Suppose the country is producing at point D. What is the opportunity cost of increasing the production of rice to 15 tons?
A) 9 thousand bottles of wine B) 12 tons of rice C) 6 thousand bottles of wine D) 15 thousand bottles of wine E) Nothing, it is a free lunch.
The producer that requires a smaller quantity of inputs to produce a certain amount of a good, relative to the quantities of inputs required by other producers to produce the same amount of that good,
a. has a low opportunity cost of producing that good, relative to the opportunity costs of other producers. b. has a comparative advantage in the production of that good. c. has an absolute advantage in the production of that good. d. should be the only producer of that good.