Regional Federal Reserve Banks
A) are located in each of the 50 states.
B) are run by the governors of the states in which they are located.
C) provide general banking services to the public.
D) None of the above answers is correct.
D
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In the probit model Pr(Y = 1 = ?(?0 + ?1X), ?
A) is not defined for ?(0). B) is the standard normal cumulative distribution function. C) is set to 1.96. D) can be computed from the standard normal density function.
The total cost to a firm of producing zero units of output is
a. zero in both the short run and the long run b. its fixed cost in the short run, zero in the long run c. its fixed cost in the long run, zero in the short run d. its fixed cost in both the short run and the long run e. its variable cost in both the short run and the long run
Which of the following is not included as "net income" in the U.S. balance of payments?
a. Income paid by a U.S. company to foreign consultants. b. Profits earned by U.S. companies from foreign operations. c. Foreign dividends received by U.S. residents. d. Profits earned by U.S. companies from foreign operations and reinvested abroad. e. All the above are includedas net income in the U.S. balance of payments.
In a mixed open economy, the equilibrium GDP is determined at that point where:
A. S a + M + T = I g + X + G. B. the 45-degree line and the saving schedule intersect. C. S a + X + G = I g + T. D. S a + I g + X = G + T.