Each regional Federal Reserve Bank is owned by
A) the member banks in its district.
B) the Federal Deposit Insurance Corporation.
C) those who purchase its stock on the open market.
D) the taxpayers in its district.
A
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The single currency project in the EU will be most successful if European labor is relatively
A) immobile. B) immobile and business cycles are not synchronized. C) mobile and business cycles are synchronized. D) mobile and business cycles are not synchronized. E) mobile.
If an idea has not been implemented because a monopoly producer has placed a barrier to entry, the circumstances are not normal due to:
A. innovation. B. market failure. C. intervention. D. goals other than profit.
Price floors in agriculture lead to
A) efficient farming techniques being employed. B) surpluses of supported farm products. C) more competition in farming. D) the most efficient market solution.
The responsiveness of demand to changes in income holding the good's relative price constant is
A. cross price elasticity of demand. B. elasticity of supply. C. price elasticity of demand. D. income elasticity of demand.