Price ceilings can be used to lower usurious interest rates.
Answer the following statement true (T) or false (F)
True
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The part of the Federal Reserve System that determines monetary policy actions is the
A) District Bank Board. B) Federal Deposit Insurance Corporation (FDIC). C) Federal Open Market Committee. D) Comptroller's Office.
A decrease in the price of product X will: a. increase the marginal utility per dollar spent on X
b. decrease the marginal utility per dollar spent on X. c. result in an increase in the total utility from consumption of X. d. do both (a) and (c).
Under Social Security, the surplus (the excess of tax receipts over benefit payments)
A. does not exist; the system runs at a deficit. B. is invested in the form of US Treasury Notes (i.e. government debt). C. is held in a "lockbox" for current workers when they retire. D. is invested in stocks and corporate bonds.
A major threat to longer-term profits exists when barriers to entry into an industry are high.
A. True B. False