The present membership in the Federal Reserve System includes
a. all the commercial banks in the nation.
b. less than half of the commercial banks in the nation.
c. only the Federal Reserve Banks and their branches.
d. commercial banks, savings & loans, and credit unions.
b. less than half of the commercial banks in the nation.
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Autoworkers negotiate a wage increase. How does this change affect the supply curve of cars?
A) It shifts the supply curve leftward. B) It does not shift the supply curve or create a movement along it. C) It shifts the supply curve rightward. D) The supply curve will shift but there is not enough information to tell if the change shifts the supply curve rightward, leftward, or not at all. E) It creates a movement downward along the supply curve.
Which of the following nations had the lowest growth rate between 1960 and 2011?
A) Taiwan B) Chile C) Ethiopia D) South Korea
If official poverty statistics for the United States included transfer payments individuals receive from the government, such as Social Security payments and other non-cash benefits such as food stamps
A) the poverty rate would be lower. B) income inequality would be greater. C) the poverty rate would be overstated. D) poverty would be eliminated.
Toyota's just-in-time system is an example of
A) backward (upstream) integration. B) quasi-vertical integration. C) using transfer pricing to avoid price controls. D) horizontal, downstream integration.