Which of the following is correct?
a. The Federal Reserve has 14 regional banks. The Board of Governors has 12 members who serve 7-year terms.
b. The Federal Reserve has 14 regional banks. The Board of Governors has 7 members who serve 14-year terms.
c. The Federal Reserve has 12 regional banks. The Board of Governors has 12 members who serve 7-year terms.
d. The Federal Reserve has 12 regional banks. The Board of Governors has 7 members who serve 14-year terms.
d
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We might predict that Japan has a comparative advantage compared to Russia in the production of hi-tech electronics because Japan has:
A. a climate is more suitable for electronics. B. more land available to build manufacturing plants on. C. more advanced electronics technology. D. more unskilled labor available for production.
There are two types of markets in which firms face some competition yet are still able to have some control over the prices of their products. Those two types of market are
a. monopolistic competition and oligopoly. b. duopoly and triopoly. c. perfect competition and monopolistic competition. d. duopoly and imperfect competition.
If the demand for U.S. dollars goes up, the exchange rate will.
A) increase and, as a result, net exports in the United States will decrease. B) decrease and, as a result, net exports in the United States will increase. C) increase and, as a result, net exports in the United States will increase. D) decrease and, as a result, net exports in the United States will decrease.
If population growth is greater than the growth of real output
A) real per capita Gross Domestic Product (GDP) growth will be less than the growth of real Gross Domestic Product (GDP). B) the production possibilities curve is shifting to the left. C) real per capita Gross Domestic Product (GDP) growth will be greater than the growth of real Gross Domestic Product (GDP). D) real per capita Gross Domestic Product (GDP) and real Gross Domestic Product (GDP) will be growing at the same rate.