The ________ affecting the supply of money is known as monetary policy.
A. Treasury Department
B. Commerce Department
C. Federal Reserve
D. Congress
Answer: C
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The Bretton Woods system was established in 1944 and remained in place until the early 1970s
Indicate whether the statement is true or false
As output increases, total fixed cost
a. increases. b. remains constant. c. rises and then falls. d. falls and then rises.
An example of a U.S. import would be:
A. a bushel of apples that Canadians pick and enjoy during a lovely fall day in Vermont. B. a French bottle of wine consumed by an American. C. an Apple computer, made in the U.S., purchased by a French student. D. an Apple computer, made in the U.S., purchased by a U.S. college student who plans to study abroad in France.
The existence of economies of scale can create ________
A) a natural monopoly B) a government monopoly C) a legal monopoly D) a market in which many firms make identical products