The primary manner in which the FTC settles an antitrust complaint is through
a. criminal trials
b. cease-and-desist orders
c. immunity from prosecution
d. civil trials
e. jail terms
B
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Based on the information above, video games have
a. A unit elastic demand curve b. A inelastic demand curve c. A elastic demand curve d. A perfectly elastic demand curve
Which statement is true?
A. Derived demand is the demand for resources. B. Resources are measured by units of outputs. C. Final demand is measured by units of inputs. D. None of the statements are true.
Barter is the:
A. direct exchange of goods and services. B. exchange of goods, but not services. C. system that does not depend on a coincidence of wants. D. system used in advanced economies.
The primary reason commercial banks must keep required reserves on deposit at the Fed is to:
A. Add to the liquidity of the commercial bank B. Allow the Fed to control the amount of bank lending C. Protect the deposits in the commercial bank against losses D. Ensure that depositors can withdraw their money if they wish to