Most checkable deposits are insured up to $250,000 by
a. state banking commissions.
b. the Federal Reserve Board.
c. U.S. Department of the Treasury.
d. the Federal Deposit Insurance Corporation.
d
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In the graph below, as the consumer moves from indifference curve 1 to 3, his 
A. real and nominal income are falling, but he can buy more anyway. B. real income is falling, and his nominal income is rising. C. real income is falling and nominal income is constant. D. real income is rising and his nominal income is constant.
Which of the following is not a characteristic of an oligopolistic industry?
A) Substantial barriers to entry. B) The output produced by the firms in the industry may be homogeneous or differentiated. C) A small number of large firms. D) One dominant firm and low entry barriers.
A nation’s capital consists mainly of stocks, bonds, and other financial assets.
Answer the following statement true (T) or false (F)
In a perfectly competitive market, positive economic profits act to
A) attract new entrants into the industry. B) drive potential competitors away from the industry. C) prevent reinvestment on the part of firms within the industry. D) signal resource owners elsewhere not to invest their capital in this industry.