If American consumers decided to boycott grapes to protest working conditions of farm workers, everything else being equal, the:
a. price of grapes will rise
b. supply of grapes will fall.
c. quantity of grapes supplied will fall.
d. demand curve for grapes shifts to the right.
c
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The Open Market Committee is composed of
a. the 7 members of the Board of Governors. b. the 7 members of the Board of Governors and the president of the Federal Reserve Bank in New York. c. 12 voting members, and of these, 5 are presidents of regional Federal Reserve banks and the other 7 are the members of the Board of Governors. d. the presidents of each of the 12 Federal Reserve banks.
Dorothy likes to invest in gold as part of her overall financial investment portfolio, as her gut tells her it will increase dramatically in value. Her favorite and generally only source of investment advice is Wizard's Gold Hour on the OZ cable
channel. As a result of this advice, Dorothy's portfolio mix is suboptimal, as it is too heavily weighted in gold. Behavioral economists would say that Dorothy suffers from: A. framing effects. B. confirmation bias. C. self-serving bias. D. planning fallacy.
Evidence generally suggests that oligopolies inhibit technological advances.
Answer the following statement true (T) or false (F)
Refer to the diagram, in which solid arrows reflect real flows; broken arrows are monetary flows. Flow (6) might represent:
A. the payment of payroll taxes by households.
B. corporate income tax payments.
C. the purchase of basketballs by the Ogallala school district.
D. the purchase of armored personnel vehicles by government.