The actual control of the Federal Reserve System resides in the
a. Congress of the United States.
b. member banks.
c. Senate Banking Committee.
d. Board of Governors.
d
Economics
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A consumption tax is a tax on
a. goods but not on services. b. the amount of income that people spend. c. the amount of income that people earn. d. the amount of income that people save.
Economics
If diminishing marginal returns have already set in for Golden Lark Woodworks, and the marginal product of the 6th carpenter is 8 chairs, then the marginal product of the 7th carpenter is
A) negative. B) less than 8 chairs. C) more than 8 chairs. D) zero.
Economics