Which is not a job of the Federal Reserve?
A. Check clearing
B. Issuing currency
C. Insuring bank deposits
D. Controlling the rate of growth of the money supply
C. Insuring bank deposits
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Owners of ________ have unlimited liability
A) partnerships and corporations B) corporations C) proprietorships and partnerships D) partnerships, proprietorships, and corporations
One of the fundamental problems a cartel faces is
A) to determine how much each producer will decrease its output. B) to determine how much each producer will increase its output. C) to determine how much each producer will lower it price. D) to determine how much each producer will lower its profit.
The laissez-faire free-market system is
A. an ideal of perfection. B. one that leaves no room for improvement. C. unmatched by any other system for allocative efficiency. D. All of the responses are correct.
During the period from 1945 to 1975, the debt to GDP ratio
a. remained steady. b. rose slightly. c. increased rapidly. d. fell steadily.