The Federal Reserve is a branch of the Treasury Department, and is therefore subject to significant government control.
Answer the following statement true (T) or false (F)
False
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Most goods and service that we enjoy are bought and sold in the market. However, leisure is something that we value but we do not buy it explicitly
What is the price of leisure? Explain what would happen to the amount of leisure that we would enjoy if the wage rate went up. Make sure to use the substitution and income effect to explain your answer and postulate whether leisure is a normal or inferior good. Why is the ultimate net effect not determinable by appealing to logic alone?
When a person drives an automobile, that individual is creating
A) internal costs only. B) private costs only because the individual pays for the insurance, gas etc. C) external costs only. D) social costs.
State bank notes usually had a face value that was ______ their market value, while the notes of the First Bank of the U.S. usually had a face value that was ______ their market value
a. greater than; less than b. less than; greater than c. equal to; less than d. greater than; equal to
Intel's chief executive says the company might expand the technology it is using in its planned $2.5 billion chip-manufacturing factory in China if the U.S. government allows it, underscoring the technology giant's ambitions in the world's fourth-biggest economy. The Intel executive is making a
A. Short-run decision, and therefore a decision about how much to produce. B. Decision that would definitely increase costs. C. Long-run decision, and therefore an investment decision. D. Decision that would cause ATC to increase.