Which of the following institutions is a central bank?
a. the Bank of Japan
b. the Bank of England
c. the Federal Reserve System
d. All of the above are correct.
d
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Yesterday's newspaper reported the results of a study indicating that people who eat more bananas are more attractive to the opposite sex. What do you expect to happen to the market price and quantity of bananas?
A. price will increase, quantity will increase B. price will decrease, quantity will increase C. price will decrease, quantity will decrease D. price will increase, quantity will decrease
Price Per PizzaQuantity Demanded$0?$5200$1075 Refer to the table, which shows part of the weekly demand schedule for pizza in a certain town. The current market price for pizza is $5 per pizza. According to the laws of economics, which of the following could be the missing number?
A. 125 B. 500 C. 0 D. Infinity
Using the above table, at a price of $5 there will be a
A. surplus of 20 units. B. shortage of 20 units. C. shortage of 10 units. D. surplus of 10 units.
When workers subdivide the tasks of a job in such a way so as to become more efficient, economists refer to this as
A. the degrees of freedom. B. the division of tasks. C. the division of labor. D. the separation of powers.