Each Federal Reserve District has 9 directors. ____ are appointed by the member banks in the district and ____ are appointed by the Board of Governors of the Federal Reserve
a. 9; 0.
b. 0; 9.
c. 4; 5.
d. 6; 3.
e. 7; 2.
D
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Comment on the following statement: "In the short run, a firm's total costs will be zero if the firm chooses to produce nothing."
What will be an ideal response?
Unions can only achieve wage gains by sacrificing employment.
Answer the following statement true (T) or false (F)
Under perfect competition, price = MC = ATC = MR
A. only in the short run. B. only in the long run. C. in both the short run and the long run. D. in neither the short run nor the long run.
If the case study on U.S. / China trade is correct in its analysis of factor abundance,
A) Chinese capital owners should see their income rise as trade increases. B) U.S. skilled labor inputs should see their incomes fall as trade increases. C) U.S. capital owners should see their income fall as trade increases. D) Chinese unskilled labor should see their income rise as trade increases.