How many Federal Reserve Banks are there?
A. 7
B. 15
C. 5500 (approximately)
D. 12
Answer: D
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The result of a prisoner's dilemma is _____
a. individuals pursuing their own interests are acting for the group interest b. individuals pursuing the group interest are acting against their own interests c. individuals pursuing their own interests are acting against the group interest d. individuals pursuing the group interest are acting for their own interest
The formation of the European Monetary Union:
A. reduced exchange rate instability but made it harder for members to manage their own economies. B. increased exchange rate instability and made it harder for members to manage their own economies. C. reduced exchange rate instability and made it easier for members to manage their own economies. D. increased exchange rate instability but made it easier for members to manage their own economies.
Which of the following is TRUE of the European Union's cap-and-trade program?
A. Governments subsidize firms to develop devices to reduce pollution. B. Firms are forced to shut down when they exceed their pollution limits. C. Firms can trade pollution permits to meet their pollution limits. D. Firms are taxed based on the their pollution levels.
The principle that the cost of something is equal to what is sacrificed to get it is known as the
A. marginal principle. B. principle of opportunity cost. C. reality principle. D. principle of diminishing returns.