Members of the Board of Governors serve
A) fourteen year terms.
B) four-year terms.
C) at the discretion of the Federal Reserve Chairman.
D) at the discretion of the President of the United States.
A
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The monetary base declines when
A) the Fed extends discount loans. B) Treasury deposits at the Fed decrease. C) float increases. D) the Fed sells securities.
An economic boom in China is likely to lead to a(n):
a. decrease in U.S. exports and U.S. aggregate demand. b. increase in U.S. exports and U.S. aggregate demand. c. decrease in U.S. imports and U.S. aggregate demand. d. increase in U.S. imports and U.S. aggregate demand.
The De Beers Company blocked competition
A) in the diamond market by controlling the output of most of the world's diamond mines. B) by controlling the supply of most of the world's high-quality bauxite, the mineral used to produce aluminum. C) in the market for fresh and frozen cranberries because it controls about 80 percent of the cranberry crop. D) because it has lower production costs than other department stores due to economies of scale.
Refer to the information provided in Figure 14.1 below to answer the question(s) that follow.
Figure 14.1Refer to Figure 14.1. Four chewing gum producing firms form a cartel. The firms have identical cost structures. If the cartel produces the profit-maximizing output level, each firm should produce
A. 3,000 packs of chewing gum. B. 4,000 packs of chewing gum. C. 12,000 packs of chewing gum. D. indeterminate output levels from this information.