Who are the members of the Financial Stability Oversight Council?
What will be an ideal response?
Members of the Financial Stability Oversight Council include the Fed and nine other heads of other regulatory agencies including the SEC and the FDIC.
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Refer to Table 6-2. Assume that an economist has estimated the price elasticity of demand values in the table above. Use the data in the table to select the correct statement
A) The difference in elasticity values is explained by the fact that the more narrowly we define a market the more elastic the demand will be. B) There are fewer substitutes for "All carbonated soft drinks" than there are for "All soft drinks." C) The elasticity for "All soft drinks" is less than the elasticity for Coca-Cola because Coca-Cola is more of a luxury than a necessity; "All soft drinks" represent goods that are more necessity than luxury. D) The demand for Coca-Cola is inelastic.
Which of the following was signed in the Kyoto Protocol?
A) the Framework Convention on Climate Change B) the Zero Greenhouse Gas Agreement C) the Treaty on Global Warming D) the Emission Trading Scheme
A characteristic function is:
a. one that identifies negotiations which depend on the characteristics of the bargainers. b. one that gives the value each possible coalition of a group's members can create by operating independently. c. one that identifies the most beneficial price for the buyer involved in a transaction. d. one that identifies the most beneficial price for the seller involved in a transaction.
The government purchases component of GDP includes:
A. interest payments on government debt. B. purchases of final goods and services. C. transfer payments. D. payments made to social security recipients.