Which of the following is the central bank of the United States?
A) Comptroller of the Currency
B) Treasury Department
C) Federal Reserve System
D) Office of the Budget
C
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When Ferrari decides to produce 1,200 360 Modenas each year, Ferrari is answering the ________ question
A) for whom B) scarcity C) why D) what E) how
Average total cost equals
A) the change in total cost divided by the change in output. B) total fixed cost divided by output. C) average fixed cost plus average variable cost. D) total cost minus total variable cost. E) average fixed cost plus average variable cost plus marginal cost.
In an unregulated market for healthcare, there is
A) a deadweight loss from over-providing healthcare. B) a deadweight loss from under-providing healthcare. C) no deadweight loss. D) Any of the above could be correcting depending on how the marginal cost paid by producers compares to the marginal social cost.
How many people still live on less than the equivalent of $1.25 per day (new definition of "extreme poverty")?
a. 100 million. b. 500 million. c. 1.4 billion. d. 2.2 billion.