In Munn v. Illinois (1877), the Supreme Court held that:
a. state laws limiting prices charged by grain elevators were a violation of the Fifth Amendment.
b. grain elevator and freight prices could only be regulated by the federal government.
c. states have a right to regulate businesses within the state that are "clothed with a public interest.".
d. organizations like the Grangers violated federal conspiracy laws.
c. states have a right to regulate businesses within the state that are "clothed with a public interest.".
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Explain what will happen to the equilibrium price and quantity of satellite TV service if the wages of the workers who provide the satellite TV service increase while at the same time the price of cable television service (a substitute for satellite
TV service) also increases.
Banks with excess reserves will supply more reserves to the federal funds market as the interest rate increases
Indicate whether the statement is true or false
Which of the following statements is most correct?
A. A sterilized foreign exchange intervention will alter the composition of a central bank's assets and alter commercial bank reserves. B. A sterilized foreign exchange intervention will leave the central bank's holdings of foreign reserves unchanged. C. A sterilized foreign exchange intervention will not alter the composition of a central bank's assets. D. An unsterilized foreign exchange intervention will alter commercial bank reserves.
Lauren noticed that in the last 60 games, her hometown minor league baseball team won 40 times. Lauren estimate the probability of losing the game to be
A) 1/6. B) 1/4. C) 1/3. D) 1/2.