The table shows items and figures taken from a consolidated balance sheet of the 12 Federal Reserve Banks. All figures are in billions of dollars. In this balance sheet, the assets would be items 5 and
A. 4 and 6.
B. 2 and 3.
C. 1 and 2.
D. 3 and 4.
Answer: A. 4 and 6.
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A consumer will consume the combination of goods at the crossing point of a budget line and indifference curve.
Answer the following statement true (T) or false (F)
To enhance their prestige, some country clubs like to point to the fact that they have a waiting list for new members
Even at clubs with high initiation fees, it is common that prospective members have to wait three or more years before there is room for them on the membership rolls. How do these country clubs set the price of membership to ensure that they have a waiting list? A) Set the membership price above the market clearing price. B) Set the membership price below the market clearing price. C) Set the price so that the quantity supplied of memberships exceeds the quantity demanded. D) Set the price at a level that will generate a surplus of memberships.
If the price of one input changes, the firm will change its use of that input only
a. True b. False Indicate whether the statement is true or false
Refer to the information provided in Scenario 22.4 below to answer the question(s) that follow.SCENARIO 22.4: In a randomized 1-year trial of 400 Mr. Lincoln hybrid tea rose bushes with rose rosette disease, 200 are slated to receive only a sulphur treatment (we will call this Group A), and the other 200 are slated to receive the sulphur treatment and an additional neem oil treatment 4 months later (we will call this Group B). Assume that the neem oil treatment is ineffective in treating rose rosette disease, so on average, the same proportion of rose bushes in each group will die of the disease. In Group B, 25 of the 200 rose bushes die in the 4-month period leading up to the neem oil treatment. Of the 175 bushes left, 25 die in the 8 months following the neem oil treatment. Since we
know the neem oil treatment is ineffective, the rose bushes in Group A will, on average, suffer the same fate as those in Group B, with 25 bushes dying in the first 4 months and another 25 dying in the following 8 months.Related to the Economics in Practice on p. 727: The Moving to Opportunity program offered to A. subsidize the health care costs of low-income individuals. B. move children of low-income households to schools in higher-income neighborhoods. C. randomly selected families living in high-poverty housing projects housing vouchers that they could use to move to lower-poverty neighborhoods. D. pre-selected families living in high-poverty housing projects housing vouchers that they could use to move to lower-poverty neighborhoods.