When do the staggered terms of the Federal Reserve governors expire?
a. January 31 of every odd year
b. January 31 of every even year
c. December 31 of every odd year
d. December 31 of every even year
b. January 31 of every even year
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Which of the following statements is (are) correct? According to the Feldstein-Horioka Saving Investment Puzzle
a. countries with relatively low saving to income ratios have relatively high investment to income ratios. b. there is no correlation between investment and saving in developed countries. c. countries with a high ratio of saving to income have high ratios of investment to income. d. Both a and b
You decide to buy your friend lunch after she helped you study for your exam. This is an example of the economic concept of:
A. marginal utility. B. altruism. C. reciprocity. D. a Veblen good.
What effect does the payment of government unemployment insurance have on the unemployment rate?
What will be an ideal response?
Which of the following statements regarding OPEC is false?
A) Because it sells a homogeneous product, since its formation in 1960 OPEC has been the clear leader when it comes to determining the price of crude oil. B) OPEC's membership includes countries from the Middle East, Africa, and South America. C) Over time, OPEC's ability to control the price of oil has been constrained by changes in consumer demand and increased production of oil by non-member countries. D) The cartel has not always been successful when it comes to preventing individual members from cheating on the agreed upon production quotas.