How many Federal Reserve district banks are there in the United States?
A. 48
B. 12
C. 5
D. none of these
Answer: B
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Suppose the population of El Campo is 120,000. Of the population 16 years and older, 50,000 are employed, 10,000 have never worked and are not looking for work, 5,000 are not working and are looking for work, and 15,000 are retired and not looking
for work. The labor force equals A) 50,000. B) 55,000. C) 65,000. D) 80,000.
Which of the following is not a power of the Federal Reserve System?
a. Setting the prime interest rate b. Issuing Federal Reserve notes c. Buying and selling U.S. government securities d. Extending loans to member banks e. Clearing checks
Suppose a firm in each of the two markets listed below were to increase its price by 25 percent. In which pair would the firm in the first market listed experience a dramatic decline in sales, but the firm in the second market listed would not?
a. restaurants and MP3 players b. electricity and natural gas c. corn and satellite radio d. rice and soybeans
What is the equation for net exports?
a. X – M b. X + M c. X × M d. X / M