Do you think that the 14-year nonrenewable terms for governors effectively insulate the Board of Governors from political pressure?
What will be an ideal response?
Answer: The 14-year terms do not completely insulate the governors from political influence. The governors know that their bureaucratic power can be reined in by congressional legislation and so must still curry favor with both Congress and the President. Moreover, in order to gain additional power to regulate the financial system, the governors need the support of Congress and the President to pass favor
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A recent study found that currency unions _____ bilateral trade by _____ compared with floating regimes.
A) increased; 90% B) increased; 38% C) decreased; 10% D) decreased; 50%
The study of how one business firm sets its prices would fall under the study of:
a. Economic growth b. Microeconomics c. Income distribution d. Macroeconomics
World oil consumption runs approximately
A. 96 billion barrels a day. B. 96 million barrels a day. C. 96 thousand barrels a day. D. 96 barrels a day.
The Coase Theorem asserts that government intervention is a prerequisite for addressing externality problems
Indicate whether the statement is true or false