The Federal Reserve has ________ regional Federal Reserve Banks and ________ members of the Board of Governors
A) 12; 12
B) 12; 7
C) 7; 12
D) 7; 7
B
You might also like to view...
The figure above shows the demand, marginal revenue, and marginal cost curves for Paul's Parrot pillows, a single-price monopoly producer of pillows stuffed with parrot feathers
When Paul maximizes his profit, the difference between marginal cost and price is A) $0. B) $40. C) $60. D) $30. E) $20.
From the Cobb-Douglas production function we learn that there are two sources that help explain cross-country differences in per capita income: ________ and ________
A) capital; labor productivity B) labor share of income; TFP C) TFP; capital per person D) labor per person; capital E) none of the above
Which of the following would increase labor productivity?
a. A labor deepening production method b. A decrease in the amount of capital per unit of labor c. A lower unemployment rate d. Recruitment of new and young labor force e. An increase in the education level of per unit of labor
If a monopoly arises as a natural monopoly
a. using anti-trust law to break it up is a poor remedy b. anti-trust law should be used to break it up c. that is most likely due to a patent or copyright d. it will evolve into a perfectly competitive market in the long run e. it should be encouraged, because it is "natural"