What percentage of all banks in the United States belong to the Federal Reserve System?
A) 5%
B) 38%
C) 75%
D) 90%
B
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It has been noted that a country that grants a considerable amount of economic freedom will experience
A) positive rates of per capita income growth. B) low levels of political freedom. C) dead capital. D) negative rates of per capita income growth.
Answer the following statements true (T) or false (F)
1. In a market economy, resources are allocated by the government. 2. In a market system, the government enforces laws ensuring that private enterprises and conditions of competition will prevail. 3. The most common type of business in the United States is the corporation. 4. The vast majority of U.S. businesses have more than 500 employees each.
A movie producer has to decide to fund a new movie project. For this project, a success would earn $20 million and a failure would cost $60 million in lost profits. At what probability of expected success should he fund the movie?
a. 0.20 b. 0.25 c. 0.50 d. 0.75
Total revenue will decrease when
A. the price elasticity of demand equals 1.20 and price rises. B. price and quantity change in opposite directions. C. the price elasticity of demand is negative. D. the price elasticity of demand equals 1.00 and price falls.