All of the following are true regarding the Federal Trade Commission's (FTC) Bureau of Consumer Protection except which one?
A) It relies on consumers and competitors to report false advertising.
B) It is a federal agency.
C) It generally tries to convince companies to cease or alter false advertising.
D) It cannot bring a civil case against a firm's managers for false advertising.
D) It cannot bring a civil case against a firm's managers for false advertising.
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Debt service is the percent of:
A. GDP that is owed in debt. B. disposable income consumers have to pay for their debts. C. the total value of household debt that banks pay to create the loans. D. the total value of household debt that consumers pay in interest.
A demand curve can be thought of as
a. a graphical display of "market potential." b. a graphical representation of the information in a demand schedule. c. showing how much people want to buy. d. a forecasting tool. e. All of the above are correct.
Which segment of the economy benefited least from the TARP bailout?
A. the very large banks. B. the homeowners. C. the insurance companies. D. financial services industry.
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the short run would be:
A. P1 and Y2. B. P2 and Y3. C. P3 and Y1. D. P2 and Y2.