Which of the following is NOT a way in which power was divided up in the Federal Reserve System?
A) between bankers and business interests
B) among states and regions
C) between importers and exporters
D) between government and the private sector
C
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When using the economic efficiency approach to controlling air and water pollution, the government
a. forces each firm to produce emissions in the most cost efficient manner irrespective of its cost structure b. offers each firm the flexibility to reduce emissions in the most cost effective manner, given its unique cost structure c. offers each firm the option of choosing between the cost minimizing emission level and the profit maximizing emission level d. provides each firm with some fixed rules and then requires them to maximize profits given these fixed rules e. offers each firm the option of using marginal cost pricing and average cost pricing when determining the optimum emissions levels
Mandatory expenditures
What will be an ideal response?
Economists generally feel that a lack of natural resources ______ economic growth.
a. has little effect on b. is an obstacle to c. will prevent sustained d. aids a nation’s
Figure 9-3
Suppose that U.S. tastes for British goods increase. Then, in
a.
the supply curve shifts from S1 to S2
b.
the supply curve shifts from S2 to S1
c.
the demand curve shifts from D2 to D1
d.
the demand curve shifts from D1 to D2
e.
both demand and supply shift to the right