The public's fear of centralized power and distrust of moneyed interests led to the demise of the first two experiments in central banking, otherwise known as
A) the First Bank of the United States and the Second Bank of the United States.
B) the First Bank of the United States and the Central Bank of the United States.
C) the First Central Bank of the United States and the Second Central Bank of the United States.
D) the First Bank of North America and the Second Bank of North America.
A
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Which of the following constitutes an external cost of driving an automobile?
A) insurance B) fuel C) pollution D) wear and tear
When the Fed is pursuing expansionary monetary policy it will tend to reduce the demand for the dollar and increase net exports, other things equal
a. True b. False Indicate whether the statement is true or false
Factor payments are
a. amounts paid to resource owners for the use of their resource b. amounts paid for goods c. another term for revenues d. the amount households put into savings e. payments made to workers who are employed only part time
Which of the following statements is not correct?
a. Some firms pay wages that are above the equilibrium wage. b. Workers sometimes form labor unions to push their wages up. c. Wages never deviate from the balance of supply and demand in the market for labor. d. The federal government mandates that employers pay their workers at least as much as the minimum wage.