Which of the following is true?
a. The FDIC sets the reserve requirements for commercial banks.
b. The Federal Reserve System guarantees the deposits in almost all banks up to a $250,000 limit per account.
c. Since the Federal Reserve System was established in 1913, bank failures due to panic withdrawals have been virtually eliminated.
d. If a bank should fail, the FDIC guarantees that depositors can get their funds up to a $250,000 limit per account.
D
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Consumption expenditure includes
a. the production of consumption goods not sold and held in inventory. b. the purchase of consumption goods made domestically but consumed by foreigners. c. purchase of goods and services by local government. d. services, durables, and non-durable goods.
In econometrics, we typically do not rely on exact or finite sample distributions because
A) we have approximately an infinite number of observations (think of re-sampling). B) variables typically are normally distributed. C) the covariances of Yi, Yj are typically not zero. D) asymptotic distributions can be counted on to provide good approximations to the exact sampling distribution (given the number of observations available in most cases).
Game theory replaces the standard supply and demand model used by economists.
Answer the following statement true (T) or false (F)
Refer to the information provided in Figure 8.10 below to answer the question(s) that follow. 
Figure 8.10 Refer to Figure 8.10. Panel ________ represents the industry demand curve for the perfectly competitive wheat industry.
A. A B. B C. C D. D