Which central bank gained the power to set interest rates independent of the government in the late 1990s?
A) Bank of England
B) Bank of Canada
C) Bank of China
D) Federal Reserve Board
A
Economics
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Picture a competitive market with the usual upward sloping supply curve and downward sloping demand curve. If the current price is creating a shortage, then market forces will cause the price to adjust and
A. quantity supplied will increase. B. quantity demanded will increase. C. quantity supplied will decrease. D. demand will decrease.
Economics
Would an economist consider clean air a scarce resource? Explain
What will be an ideal response?
Economics
Entrepreneurship could best be classified as:
A. simple labor. B. highly specialized labor. C. creative labor. D. unskilled labor.
Economics
Marginal utility can be
A) negative. B) zero. C) positive. D) positive, negative, or zero.
Economics