Since the Federal Reserve was created, it has:
A. averted all financial panics that could have plagued the U.S. economy.
B. improved its skill at securing financial stability.
C. averted a few financial panics but not most.
D. proved to be much better at preventing international panics than domestic ones.
Answer: B
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Which of the following are included in interest income? i. payments made for the use of land ii. income paid to households for loans they make iii. payments made by households for their borrowing
A) i, ii and iii B) ii and iii only C) i and ii only D) ii only E) iii only
The greater the degree of specialization in the economy, the: a. easier it is to discover a double coincidence of wants
b. more feasible is a barter system. c. less likely it is that monetary exchange will develop. d. harder it is to negotiate an exchange rate between all pairs of goods. e. more likely it is that individual consumers are self-sufficient.
One of the most significant developments in labor supply in recent times is the increase in the labor force participation of married women
a. True b. False Indicate whether the statement is true or false
Wikipedia is an example of a:
A. a common resource. B. an artificially scarce resource. C. a private good. D. a public good.