According to the text, what share of the world's countries now use floating exchange rate systems?
A) 100%
B) 70%
C) 30%
D) 15%
Ans: D) 15%
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In the economic way of thinking, what do entrepreneur's and bureaucrats have in common?
A) They each advance projects solely in the public interest. B) They each advance projects only if the expected marginal benefits exceed the expected marginal costs. C) They each advance projects only if the expected marginal benefits are less than the expected marginal costs. D) They each advance projects only if they impose no negative externalities.
Every time you make a __________, you incur a(n) __________
A) decision; efficient effect B) choice; opportunity cost C) competitive move; price D) decision; mistake E) none of the above
Recall the Application about how marginal utility changes with the quantity consumed to answer the following question(s). Neuroscientists offered subjects in an experiment varying monetary rewards, and observed the neural activity in a subject's striatum region of the brain.Recall the Application. The larger the monetary reward offered to the subjects in the experiment:
A. the higher the marginal utility and total utility of the reward money. B. the lower the marginal utility and total utility of the reward money. C. the lower the marginal utility and higher the total utility of the reward money. D. the higher the marginal utility and lower the total utility of the reward money.
When Congress established the Federal Reserve in 1913, what was its main responsibility? When did Congress broaden the Fed's responsibilities?
What will be an ideal response?