The purpose of open-market operations is to
a. finance government spending.
b. influence the flow of credit and money.
c. ensure the safety of deposits in the commercial banks.
d. support the value of Federal Reserve notes.
b. influence the flow of credit and money.
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Refer to the figure below. If Laura and Chris are the only two consumers in this market then at a price of $2.50 per pound, the market demand for hamburger is: 
A. 4.5 pounds per week B. 1.5 pounds per week C. 3 pounds per week D. 4 pounds per week
Are government activities of any concern to macroeconomists?
A) Yes, since government actions and policies can affect an economy's overall performance. B) Yes, since macroeconomics is defined as the study of the role that government plays in the economy. C) No, since the government cannot affect the functioning of the private economy. D) No, since macroeconomists study hypothetical economies that have no government involvement at all.
Marginal revenue is equal to price for a perfectly competitive firm because:
A. total revenue increases by the price of the good when an additional unit is sold. B. total revenue increases by less than the price of the good when an additional unit is sold. C. firms need to lower price to increase the quantity sold. D. firms can increase price and still increase the quantity sold.
In the United States, the board of directors of corporations have a fiduciary responsibility to:
A. set the prices of the products the corporation produces. B. represent the interest of its shareholders. C. operate the company on a day-to-day basis. D. raise investment capital in their spare time.