A central bank is
A. an international bank.
B. the same as the government.
C. the largest bank in the country.
D. a banker's bank.
Answer: D
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Refer to Supply and Demand. Deadweight loss
The following questions refer to the accompanying graph, which shows the supply and demand for military service where Q0 represents the quantity provided by a volunteer army and Qd the quantity provided by a draft.
a. is eliminated by a limited draft.
b. occurs only with a volunteer army.
c. occurs only with a draft.
d. Occurs with both a volunteer army and with a draft.
Technology spillovers are examples of negative externalities
a. True b. False Indicate whether the statement is true or false
Members of the Board of Governors of the Federal Reserve System are
a. elected by member banks to serve four-year terms. b. appointed by Congress for 14-year terms. c. appointed by the president for 14-year terms. d. appointed by the Supreme Court for lifetime terms.
Agricultural prices fell during each of these periods EXCEPT
A. 1865-1900. B. 1900-1919. C. 1929-1933. D. There is no exception. Agricultural prices fell in all these time periods.