Which of the following will cause a change in the supply of a product?
a. a change in the price of suppliers' inputs
b. a change in the price of alternative goods that could be produced with the same resources
c. a change in the expected future price of the product
d. all of the above
d
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If the exchange rate rises, the quantity of dollars demanded
A) increases and there is movement down along the demand curve for dollars. B) decreases and there is movement down along the demand curve for dollars. C) decreases and there is movement up along the demand curve for dollars. D) increases and there is movement up along the demand curve for dollars. E) does not change.
Which statement about money is most correct?
A) Money is a new invention and only includes dollar bills and coins. B) Money is a new invention and can include anything that is accepted as a means of payment. C) Money has been around for a long time and can include anything that is accepted as a means of payment. D) Money has been around for a long time and only includes dollar bills and coins. E) Money has been around for a long time and only includes checking and savings accounts.
The Federal Reserve Board of Governors has:
a. seven members who serve 6-year terms. b. 12 members who serve 14-year terms. c. seven members who serve 4-year terms. d. 12 members who serve 4-year terms. e. seven members who serve 14-year terms.
If the poverty line in 2017 for a family of four was $24,600, which of the following is correct?
A. The cost of a minimal diet for a family of four was $4,100. B. The cost of a minimal diet for a family of four was $6.150. C. Unemployment benefits covered the first $24,600 of lost income. D. Social security payments for the year totaled a minimum of $24,600 for a family of four.