Which of the following is not true for members of the Federal Reserve Board of Governors?
A. They are appointed to 14-year terms by the president of the United States.
B. They usually serve two or three terms.
C. They are relatively immune to short-term political pressures.
D. They may not be reappointed after serving a full term.
Answer: B
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The value of the x-coordinate of a point in a graph is the length of a line from the point to the
A) origin. B) scalar. C) x-axis. D) y-axis.
Suppose new electronic devices make it easier to monitor the effort levels of workers. If some shirking is still possible in the efficiency wage model, what happens to the efficiency wage?
A) Declines, but remains above the market-clearing wage B) Declines, and falls below the market-clearing wage C) Increases D) Does not change
At the benefit-based standard, total social benefits (TSB)
Suppose that the costs and benefits of achieving water quality in New York are modeled as shown below. Use these relationships for any or all of questions 14 through 16. MSB = 80 – 2A MSC = 20 + 2A TSB = 80A – A2 TSC = 20A + A2, where A is the abatement level for conventional pollutants. a. equal zero c. are minimized b. are maximized d. equal TSC
Private property rights are essential to market economies.
Answer the following statement true (T) or false (F)