Although the chairman of its Board of Governors is appointed by the Treasury Department, the Fed operates with considerable independence from the executive branch of the government
a. True
b. False
Indicate whether the statement is true or false
False
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John has financial assets totaling $1.5 million, and he plans to use these assets to start his own business. Since John owns these funds and will not need to borrow to start his business, these assets are considered human capital
a. True b. False Indicate whether the statement is true or false
Suppose two types of consumers buy suits. Consumers of type A will pay $100 for a coat and $50 for pants. Consumers of type B will pay $75 for a coat and $75 for pants. The firm selling suits faces no competition and has a marginal cost of zero. If the firm charges $100 for a suit (which includes both pants and a coat), the firm will sell a suit to:
A. type A consumers. B. type A consumers and type B consumers. C. type B consumers. D. None of the answers are correct.
Coase bargaining works best in a situation with a large number of affected parties and the transactions costs of bargaining are relatively low.
Answer the following statement true (T) or false (F)
Legislation passed shortly after September 11, 2001 saw the federal government become
A. the insurer (hence, re-insurer) of last resort. B. the primary insurer in the U.S. C. the primary insurer for all acts of terrorism but not for other losses. D. the primary re-insurer in the U.S.