A company that explicitly takes on a social mission in addition to profit-seeking is considered a:
A. nonprofit organization.
B. social welfare organization.
C. benefit corporation or L3C (low profit limited liability company).
D. social partnership.
Answer: C
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When the Fed ________, the U.S. foreign exchange rate falls
A) increases the size of the multiplier B) raises the interest rate C) raises taxes on interest income D) buys government securities E) sells government securities
To minimize the effect of short-term political pressure on the Fed's Board of Governors, the governors are all appointed to their terms: a. in different years, and their terms are long
b. in different years, and their terms are short. c. in the same year, and their terms are long. d. in the same year, and their terms are short. e. in the same year, and their terms are shorter than that of the chairman of the Federal Reserve Board.
Which of the following countries would find it easiest to achieve rapid growth in per capita GDP?
A. United States B. United Kingdom C. France D. Mexico
Refer to the table below. If supply decreased by 2 units at each price, what would the new equilibrium price and quantity be?
A. $3 and 5 units
B. $4 and 4 units
C. $5 and 5 units
D. $6 and 6 units