Operations of the Trading Desk of the Federal Reserve Bank of New York are typically conducted
A. no more often than once per month.
B. within a one-hour period during each day.
C. once a year.
D. no more often than once per week.
Answer: B
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Before the nation's first transcontinental railroad was completed, travelers to the Pacific Coast used which forms of transportation?
a. ship, wagon b. dugout canoe, dirigible c. horse d. All of the above are correct.
An oligopolist faces a demand curve that is steeper at higher prices than at lower prices. Which of the following is most likely?
A. Other firms match price reductions but do not match price changes. B. The firm competes with others in the Bertrand fashion. C. The firm competes with others in the Cournot fashion. D. Other firms match price increases but do not match price reductions.
For a linear demand curve:
A. elasticity is constant along the curve. B. elasticity is unity at every point on the curve. C. demand is elastic at low prices. D. demand is elastic at high prices.
Recall the Application about productivity in the nation of Latvia in the 1990s to answer the following question(s). According to this Application, workers in the EU were more productive than workers in Latvia in the 1990s, yet despite this, EU nations chose to trade with Latvia. Engaging in trade with Latvia allowed ________ to become more productive.
A. workers in the EU but not workers in Latvia B. workers in Latvia but not workers in the EU C. neither workers in the EU nor in Latvia D. workers in both the EU and in Latvia