Credit unions are federally insured through the
A) FDIC.
B) FSLIC.
C) NCUSIF.
D) Comptroller of the Currency.
C
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The value of an additional baker to a bakery is equal to the
A) price of bread. B) value of marginal product of the baker. C) baker's marginal productivity in terms of loaves of bread. D) marginal cost of making an additional loaf of bread.
If the Fed pursues expansionary monetary policy,
A) aggregate demand will fall, and the price level will fall. B) aggregate demand will fall, and the price level will rise. C) aggregate demand will rise, and the price level will fall. D) aggregate demand will rise, and the price level will rise.
In constructing the Human Development Index, high income levels are given less than proportionate weight because
a. Items bought by rich people are luxuries, not necessities. b. United Nations bureaucrats are prejudiced against the rich. c. Dollars received by rich people may have a lower marginal utility than dollars received by poor people. d. Items bought by rich people create more pollution than those bought by the poor. e. All of the above are valid reasons.
A dual exchange rate is no different from a devaluation in that they both try to improve a country's BOP
Indicate whether the statement is true or false