The Federal Reserve Board of Governors has:
a. seven members who serve 6-year terms.
b. 12 members who serve 14-year terms.
c. seven members who serve 4-year terms.
d. 12 members who serve 4-year terms.
e. seven members who serve 14-year terms.
e
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The total amount of debt owed by the federal government is represented by the total value of the outstanding
A. U.S. government securities. B. bank loans and deposits. C. Federal Reserve notes. D. stocks and bonds.
The dollar value of final output
A) is equal to total income. B) is less than total income. C) equals profits. D) is greater than total income.
If an electricians' union is successful in its attempts to restrict entry into that craft, it will shift
a. the supply curve of electricians to the right b. the supply curve of electricians to the left c. the demand curve for electricians to the right d. the demand curve for electricians to the left e. both the supply and demand curves for electricians
Oligopoly occurs when
a. a few firms sell many different products. b. a few firms sell to a few large buyers. c. many firms dominate a single market. d. a few firms dominate a single market.