In the United States today, how much gold will the Federal Reserve give you in exchange for $1?
A) 1 ounce of gold
B) none
C) 1/35th of an ounce of gold
D) $1 worth of gold (based on the market price of an ounce of gold at the time you exchange the $1)
B
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Eurobanks are essentially intermediaries
Indicate whether the statement is true or false
The price index that measures the average rate of change in the prices received by domestic producers of goods and services is called the:
A. GDP deflator. B. PCE deflator. C. CPI. D. PPI.
The measure of final goods and services produced in the United States is the
A. GDP of the United States. B. Total sales of all goods during the year. C. Percentage change in the GDP of the United States. D. Per capita GDP in the United States.
Exhibit 14-3 Impact of flights on house valueEach time Orville flies over Wilber's house, the noise reduces the value of Wilbur's house. The table shows the profits to Orville of each flight, and the value of Wilbur's house. Numberof flights Totalprofits Marginalprofits Value of Wilbur'shouse 1 $10,000 $10,000 $100,000 2 18,000 8,000 95,000 3 24,000 6,000 90,000 4 28,000 4,000 85,000 5 30,000 2,000 80,000 As shown in Exhibit 14-3, if Orville has the property right to fly over Wilbur's house, but Wilbur is allowed to negotiate with Orville on the number of flights, what will be the number of flights?
A. 2. B. 3. C. 4. D. 5.