When a tariff is imposed, the demand curve for the domestic good
A) shifts downward and to the right.
B) shifts upward and to the left.
C) shifts upward and to the right.
D) shifts downward and to the left.
Answer: C
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When a business is considered by law to be a legal entity, it is known as a
A) partnership. B) conglomerate. C) corporation. D) proprietorship.
The government office that declares official periods of recession and depression is the:
A. National Bureau of Economic Research. B. Bureau of Labor Statistics. C. Congressional Budget Office. D. Federal Reserve Board.
When people buy land, their purchases are included in GDP
a. True b. False
Most power in the Federal Reserve System is held by the
a. president and Congress. b. Secretary of the Treasury, who appoints the members of the Board of Governors. c. Board of Governors of the system. d. member banks of the system.