In January 2010, President Obama appointed which of the following to be chair of the Federal Reserve?
A) Greenspan
B) Bernanke
C) Geithner
D) Trichet
B
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In case of an increase in product prices:
A) the quantity effect always dominates the price effect. B) the price effect always dominates the quantity effect. C) when the quantity effect dominates the price effect, total revenue is rising. D) when the quantity effect dominates the price effect, total revenue is falling.
The monopolistic competition market structure is characterized by a few large firms which account for a large percentage of industry sales
a. True b. False Indicate whether the statement is true or false
Which statement is true?
A. Income is more evenly distributed along curve X than curve Y. B. Income is more evenly distributed along curve Y than curve X. C. Income is equally distributed along curves X and Y. D. It is impossible to determine income distribution by observing these curves.
The Japanese health care system most closely resembles the health care system of _____, from which it was copied.
a. Great Britain b. Germany c. Canada d. the United States e. France