Demand elasticity equals quantity times price.

Which of the following statements is correct?

I. The Fed can periodically and without warning examine member commercial banks to ensure that they are conforming to current banking standards. II. The Fed helps the government collect certain tax revenues and aids in the purchase and sale of government securities. A) I only B) II only C) Both I and II D) Neither I nor II

In the United States, which of the following is an example of a government-sponsored good?

A) wireless networks B) concerts C) cigarettes D) marijuana