Which of the following is correct concerning the FOMC?
a. the members of the Board of Governors have the majority of the votes
b. the New York Federal Reserve Bank District President is always a voting member
c. all Federal Reserve Bank presidents attend the meetings
d. All of the above are correct.
d
You might also like to view...
All decisions involve opportunity cost
a. True b. False Indicate whether the statement is true or false
Most lighthouses are operated by the government because
a. of the free-rider problem. b. lighthouses are no longer valued by society. c. most lighthouses are only tourist attractions in state and national parks. d. shipping companies would not be able to afford maintenance fees for lighthouses.
Suppose that Microsoft and Google compete in the market for PC Internet browsers. Initially these firms compete as Cournot duopolies with symmetric reaction functions. If Microsoft enters into exclusive contracts with PC suppliers that preclude suppliers from loading Google's Internet browser on PCs loaded with the Windows operating system, then Google's marginal cost of distributing its browser will increase to $5 per unit.The new equilibrium would entail Microsoft supplying ________ browsers and Google supplying ________ browsers to the market. The end result is ________ profits for Google.
A. fewer; more; higher B. more; more; lower C. fewer; fewer; higher D. more; fewer; lower
One worker produces 5 rocking chairs. To produce 10 rocking chairs it will be necessary to hire more than two workers, if diminishing returns have set in.
Answer the following statement true (T) or false (F)