When the Federal Open Market Committee (FOMC) votes on policy, it does so in the following order: the chair votes first, the vice chair votes second, and the remaining FOMC members vote based on their seniority at the Fed
Indicate whether the statement is true or false
False
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Which of the following jobs is least likely to be outsourced?
A. Technical assistance over the phone for your computer B. Transcription of physicians' records C. Software design D. Flipping hamburgers
As more firms enter an industry:
A. prices rise. B. economic profits decrease. C. accounting profits increase. D. None of the statements associated with this question are correct.
Some economists argue that there were good reasons for housing price to rise. Explain their argument
What will be an ideal response?
Refer to the scenario above. Which of the following statements is true?
A) The discounted value of $3,400 to be received after five years is $3,000. B) Tom's return from investing in his friend's project is higher than the amount received from the bank after five years. C) Tom's return from investing in the bank is higher than the amount received from his friend's project after five years. D) The returns on both investments are likely to be similar and Tom should be indifferent about investing in either options.