Which of the following does the Federal Reserve not do?
a. It controls the supply of money.
b. It acts as a lender of last resort to banks.
c. It makes loans to any qualified business that requests one.
d. It tries to ensure the health of the banking system.
c
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On the island country of Sunshine where the unit of currency is fish, net exports are 50 fish, saving is 250 fish, net taxes are 100 fish, and the government budget deficit is 175 fish. The private sector has a ________
A) deficit of 125 fish B) surplus of 125 fish C) deficit of 225 fish D) surplus of 225 fish
A theory of regulatory behavior, which states that regulators must take into account the preferences of legislators, producers, and consumers, is the
A) capture theory. B) share-the-gains, share-the-pains theory. C) public interest theory. D) general interests theory.
Refer to the figure below. Assume the market is originally at point W. Movement to point Z is a combination of: 
A. an increase in demand and an increase in quantity supplied. B. an increase in supply and an increase in demand. C. a decrease in supply and an increase in quantity demanded. D. an increase in supply and an increase in quantity demanded.
Markets in which firms sell their output of goods and services are called:
A. command markets. B. resource markets. C. product markets. D. mixed markets.