The Federal Reserve System is a branch of the Treasury Department
a. True
b. False
Indicate whether the statement is true or false
False
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What is Joseph Stiglitz' main criticism regarding intellectual property rights protection?
What will be an ideal response?
Wealth
A) is the same as income. B) includes assets such as houses, stocks, and bonds. C) does not include tangible objects. D) is a flow and not a stock.
Which aspect of undeveloped labor markets causes unemployment in undeveloped labor markets to be misunderstood?
a. higher inflation rates b. greater government control c. barter and trade economies d. agricultural economies
In the Theory of Price, George Stigler points out that a monopolist is no less desirous of profits than a competitive firm. According to Stigler, what distinguishes the monopolist from other entrepreneurs?
a. strategy b. morality c. objective d. market position e. motivation