How do long terms for appointments benefit the Federal Reserve’s Board of Governors?
What will be an ideal response?
Long term appointments allow the Board to maintain continuity, foster experience among st its members and help keep it independent from political pressures it would face if it had to worry frequently about having to be reappointed.
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The above table shows the demand schedule and supply schedule for chocolate chip cookies. An increase in income results in an increase in the demand for chocolate cookies by an amount of 3 pounds at every price
What are the new equilibrium quantity and equilibrium price? A) 5 pounds, $4.00 per pound B) 5 pounds, $6.00 per pound C) 5 pounds, $5.00 per pound D) 4 pounds, $5.00 per pound
The marginal product of labor is always ________ and it ________ as the labor stock increases
A) positive; increases B) positive; decreases C) negative; increases D) negative; decreases
Which of the following is the most closed economy?
a. Germany b. Canada c. Mexico d. the United States
Walter rents some ice time at the local hockey rink for 2 hours. After skating for an hour, he finds himself cold, tired, and hungry. If Walter decides to skate around for the other hour before leaving, it is likely because he:
A. is weighing his opportunity costs of the second hour against the benefits of the second hour of skating. B. is focusing on the sunk cost of the rink time. C. is ignoring the sunk cost of the rink time. D. None of these is true.