The conduct of monetary policy in the United States is the main responsibility of the:
A. U.S. Treasury
B. Federal Reserve System
C. Office of Management and Budget
D. Bureau of Economic Analysis
B. Federal Reserve System
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The following table provides information about production at the XYZ-TV Company.Number of WorkersTVs ProducedMarginal ProductValue of Marginal Product00------13535$35,00026833$33,00039931$31,000412829$29,000515527$27,000How many workers will XYZ-TV Company hire if the going wage for TV production workers is $30,000?
A. 0 B. 3 C. 2 D. 1
If the number of people who want to sell off stocks are higher than those who want to buy it, the stock prices move up
a. True b. False Indicate whether the statement is true or false
A city wants to raise revenues to build a new municipal swimming pool next year. The mayor suggests that the city raise the price of admission to the current municipal pools this year to raise revenues. The city manager suggests that the city lower the price of admission to raise revenues. Who is correct?
a. Both the mayor and city manager would be correct if demand were price elastic. b. Both the mayor and city manager would be correct if demand were price inelastic. c. The mayor would be correct if demand were price elastic; the city manager would be correct if demand were price inelastic. d. The mayor would be correct if demand were price inelastic; the city manager would be correct if demand were price elastic.
According to below graph, at what point is there no longer any marginal utility for eating pizza?
a. fourth slice
b. fifth slice
c. sixth slice
d. seventh slice