Which of the following serves as the central banker for private banks in the United States?
A. The legislative branch of the government.
B. The executive branch of government.
C. The Federal Open Market Committee.
D. The 12 Federal Reserve banks.
Answer: D
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At the profit-maximizing level of output for a perfectly competitive firm
A) average revenue equals average variable cost and price equals marginal cost. B) marginal revenue equals marginal cost and average total cost equals average fixed cost. C) price equals marginal cost. D) price equals average revenue and marginal cost equals average variable cost.
Suppose scientists provide evidence that people who drink energy drinks are more likely to have a heart attack than people who do not drink energy drinks. We would expect to see
a. no change in the demand for energy drinks. b. a decrease in the demand for energy drinks. c. an increase in the demand for energy drinks. d. a decrease in the supply of energy drinks.
Shocks and Integration) The graph shows hypothetical OCA economic criteria for several South American countries. Using the graph, which of the following best satisfy the OCA criteria for forming a monetary union?
A) Peru and Colombia B) Peru and Uruguay C) Venezuela and Uruguay D) Colombia and Venezuela
NAFTA probably helped productivity in Mexico's maquiladora sector, but:
a. trade with China has taken on more importance. b. world competition and the close relationship with the United States may have limited its comeback. c. both governments have reversed some of the tariff reductions. d. Mexico has raised taxes on the maquiladoras, and that has caused international tension.