Who owns the Fed?
a. The federal government.
b. The states.
c. The District Federal Reserve Banks.
d. All banks.
e. Member banks.
e
Economics
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When an economy produces at its allocatively efficient production point
A) scarcity is not a problem. B) resources are not limited. C) a society can increase the production of all goods. D) a society can increase the production of one good only by decreasing the production of some other good that is valued more highly.
Economics
Agriculture is an example of
A) perfect competition. B) oligopoly. C) monopoly. D) monopolistic competition.
Economics