The members of Federal Reserve district bank boards of directors who are leaders in industry, commerce, and agriculture are known as
A) Class A directors.
B) Class B directors.
C) Class C directors.
D) Class D directors.
B
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The figure above provides information about Light-U-Up Utilities, which is a natural monopoly that provides electricity. What is the area of deadweight loss when Light-U-Up produces the unregulated, profit-maximizing level of output?
A) abd B) acg C) deg D) There is no deadweight loss.
Todd owns a painting company. He needs brushes, ladders, paint, painters, and a truck in order to produce even one painted house. If it takes one hour to set up and take down the equipment each day, would Todd care if his employees worked an 8-hour day or a 10- hour day, assuming that each hour they painted just as quickly as the previous hour?
a. no; the revenue and costs are the same every hour b. no; especially if he pays his employees by the hour c. there is no way to answer this question d. yes; because he can reduce the average fixed cost of preparation and clean-up e. yes; but only if the homeowner pays by the hour
What does it mean for a country to have an absolute advantage in producing a product?
What will be an ideal response?
Comparing the after-tax distribution of income to the before-tax distribution of income, it is true that the after-tax distribution of income is ________ the before-tax distribution of income.
A. exactly the same as B. more equitably distributed than C. less equally distributed than D. more equally distributed than