The members of the Board of Governors are appointed by
A. the president.
B. Congress.
C. the Federal Reserve district banks.
D. the member banks.
A. the president.
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Which of the following exemplifies a vertical restraint imposed by a franchisor in a contract?
a. A clause prohibiting a franchisee from using the company trademark to support a political candidate. b. A clause prohibiting a franchisee from announcing special offers during Christmas to attract customers. c. A clause prohibiting a franchisee from bundling two products of the same company. d. A clause stating the target sales to be achieved by the company during an accounting year.
A monopolist faces a demand curve that is equal to:
a. the demand curve faced by perfectly competitive producers. b. the market demand curve. c. the monopolist's own marginal cost curve. d. the monopolist's own marginal revenue.
For the average person, insurance is
A. not a gamble. B. a useless option. C. a fair gamble. D. an unfair gamble.
If the MPC is 0.75, the multiplier will be:
A. 2 B. 3 C. 3.5 D. 4