The Board of Governors of the Federal Reserve System has how many governors?
A. 7
B. 5
C. 12
D. 50
Answer: A
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Compared to the central bank response to the financial crisis in 2007-2009, the response to the Great Depression of the 1930s may be characterized as ________, while the response of Japan's central bank to the banking crisis in the early 1990s merits
the label ________. A) hasty; sluggish B) intrusive; tenacious C) complacent; indulgent D) corrupt; technocratic
Air pollution is a problem because
A) people are greedy. B) people are not environmentally conscious. C) people make use of air without having to bear all the costs of their actions. D) a market economy does not provide as strong an incentive for environmental cleanup as a socialist economy.
Externalities get their name from the fact that they are
a. of no value b. valued above the market price c. short lived d. outcomes created by markets that take no account of these outcomes e. outcomes created by markets that take these outcomes into account
A relatively large increase in the cost of electricity would likely
a. result in a large increase in the use of gas for home use immediately. b. cause an immediate large decline in the use of electricity. c. increase the use of gas and decrease the use of electricity after a time lapse. d. cause an equal reduction in the use of electricity immediately.