Firms and governments pay interest to the lenders that purchase their bonds.
Answer the following statement true (T) or false (F)
True
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If the market for products produced by firms in a monopolistically competitive industry becomes ________, then there will be ________ firms and each firm will produce ________ output and charge a ________ price
A) smaller; fewer; less; higher B) smaller; more; less; higher C) smaller; more; less; lower D) smaller; fewer; less; lower E) smaller; fewer; more; higher
The nucleus of the Federal Reserve System is
a. its Board of Governors, which meets in Washington, D.C. b. the Committee of Wall Street, which convenes in New York c. the Discount Rate Committee d. the Thrift Institutions Advisory Council e. the Council of Economic Advisers, which meets regularly with the President
Suppose Alan receives a check for $300 from a bank in Dallas. He deposits the check in his account at his Baltimore bank. Which of the following is Alan's Baltimore bank likely to collect the $300 from?
A. The Baltimore bank's regional Federal Reserve bank. B. The U.S. Treasury. C. The main Federal Reserve Bank in Washington, D.C. D. The Federal Reserve Board of Governors.
Answer the following statement(s) true (T) or false (F)
1. Different people get the same marginal utility per dollar from the same product. 2. Total utility is always less than or equal to marginal utility. 3. As additional units of a good are acquired, marginal utility increases. 4. At consumer equilibrium, all goods have the same total utility. 5. Rational consumers have to take price into consideration to maximize their satisfaction.