The Board of Governors of the Federal Reserve System consists of
A) 7 members appointed by Congress and 7 appointed by the President.
B) the presidents of each regional Federal Reserve bank.
C) 12 members appointed by Congress.
D) 7 members appointed by the President of the United States.
D
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Who bears the burden of the government debt? Explain why. Under what circumstances is there no burden to be borne?
What will be an ideal response?
Compared to stockholders, bondholders
a. face greater risk b. face the same risk c. face lower risk d. always receive a higher return on their investment e. always receive a lower return on their investment
When a price ceiling which had been set below equilibrium price is removed, what happens next?
A. quantity supplied rises B. quantity demanded rises C. supply rises D. demand rises
Number of EmployeesTotal Output16211315418520Table 16.2 Table 16.2 gives the number of oil changes that can be performed at a local oil change business based on the number of employees hired. If the price of an oil change is $20, what is the marginal revenue of the third employee?
A. $80 B. $5 C. $360 D. $40