The Federal Reserve System was created by an act of Congress in 1933 in an effort to end a wave of bank failures brought on the Great Depression
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Refer to Common Property I. Suppose the common property becomes privately owned. The owner behaves competitively and charges people an entrance fee for the right to use the property. In this situation, how are the gains from trade divided between the owner and the users of the property?
a. The owner receives area C + D, and the users receive area A + B. b. The owner receives area C, and the users receive area D. c. The owner receives area E, and the users receive area A + B + C + D. d. The owner receives area C + D, and the users receive zero.
It is often easier to see the ___________ of globalization than it is to see the _____________. This is because the costs tend to be more ________________, while the benefits tend to be __________________
A) costs; benefits; concentrated; widely dispersed. B) benefits; costs; concentrated; widely dispersed. C) costs; benefits; widely dispersed; concentrated. D) benefits; costs; widely dispersed; concentrated.
The cost of repositioning an automobile gas tank for greater safety is $11 per vehicle for 12.5 million vehicles. It is expected that 180 deaths will occur if the gas tank location is not redesigned. Failure to redesign the gas tank location therefore implies that the automobile company is implicitly valuing human life at:
A. more than $736,889. B. more than $1,000,000. C. less than $736,889. D. exactly $500,000.
In order to identify their used cars as plums (high-quality), many used car dealers:
A. raise the minimum price of plums (high-quality). B. advertise their prices. C. offer money-back guarantees. D. raise the minimum price of lemons (low-quality).