The central bank of the United States is called:
A. Bank of the United States.
B. AmeriBank.
C. Bank of America.
D. the Federal Reserve System.
Answer: D
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If consumption equals $1,000 when income is $1,000 and increases to $1,900 when income increases to $2,000, then the marginal propensity to consume is
A) 0.50. B) 0.90. C) 1.00. D) 2.00.
A tax equal to the external cost on firms that emit pollutants would: a. provide firms with the incentive to increase the level of activity creating the pollution
b. provide firms with the incentive to decrease the level of activity creating the pollution. c. provide firms with little incentive to search for less environmentally damaging production methods. d. not reduce pollution levels at all.
What are the key characteristics of an oligopoly?
What will be an ideal response?
Unemployment benefits are
A. paid regardless of a person's income from other sources and regardless of assets. B. paid to individuals the entire time they are unemployed regardless of how long they are unemployed. C. not paid to individuals with assets valued over $200,000. D. reduced by an amount that is equal to an individual's income from other sources.