According to Revealed Preferences, if a Consumer chooses a more expensive bundle of goods over a cheaper bundle of goods, we can conclude
A) the consumer prefers the more expensive bundle of goods.
B) the consumer is behaving irrationally.
C) the consumer is unaware of the cheaper bundle of goods.
D) the consumer has convex preferences.
A
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Which of the following actions did Congress NOT take in the 1930s, in an effort to prevent future financial crises like the stock market crash of 1929?
A. Glass-Steagall Banking Act B. Formation of the SEC C. Formation of the FDIC D. Federal Reserve Act
Just prior to the year 2000, the Fed was concerned that people would make larger than normal bank withdrawals out of fear of what was called the "Y2K computer bug." Fearing that this would disrupt the banking system, the Fed wanted to use a defensive action to prevent any such disruption. This would take the form of open market bond:
A. sales that would prevent the federal funds rate from increasing. B. purchases that would prevent the federal funds rate from decreasing. C. purchases that would prevent the federal funds rate from increasing. D. sales that would prevent the federal funds rate from decreasing.
One of the duties of the Fed is to:
A. offer financial advising to the public. B. change the demand for money. C. set the market interest rate. D. offer financial advising to the government.
In the United States:
A. whites have higher unionization rates than African Americans. B. men have higher unionization rates than women. C. managers have higher unionization rates than transportation workers. D. workers in mining have higher unionization rates than workers in government.