The Board of Governors is made up of experts in:
A. international trade.
B. banking.
C. fiscal policy.
D. All of these are true.
Answer: B
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In the figure above, with international trade U.S. companies buy ________ helicopters per year
A) 240 B) 480 C) 720 D) 360
In the "fooling" model, it is assumed that ________ can have inaccurate perceptions of the price level in the economy
A) workers B) firms C) workers and firms D) neither workers nor firms
Consumer surplus is the net economic benefit to consumers who are able to buy a good at a price lower than the highest price they are willing to pay.
Answer the following statement true (T) or false (F)
Why does our government enforce antitrust legislation?
A. because monopolies are known to be unfair to their stockholders B. because the government wants to create competition in markets in the interests of promoting efficiency C. because the government wants to create competition in markets in the interests of promoting an equal distribution of income D. because monopolies are known to be unfair to their employees