Managed floats are only effective in the long run
a. True
b. False
B
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A professor changes the penalty for cheating on exams from getting a 0 on the exam to getting an F in the course. The professor has
A) decreased the marginal benefit of cheating. B) recognized that students don't make rational choices. C) increased the marginal cost of cheating. D) made all the students act in the social interest. E) recognized that students don't respond to incentives.
Which of the following goods is best described as being sold in a monopolistically competitive market?
A) automobiles B) wheat C) fast food D) postage stamps
The Board of Governors of the Federal Reserve System has
a. six members. b. seven members. c. one member from each Federal Reserve Bank. d. twenty members.
As the economy's income has grown, the government has
a. grown at about the same pace. b. grown at a faster pace. c. grown at a slower pace. d. shrunk.