The Comptroller of the Currency
A) serves as Chairman of the Board of Governors.
B) serves as a member of the Board of Governors.
C) serves as an alternate member of the Board of Governors.
D) does not serve on the Board of Governors.
D
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Suppose Barbara looks out in the morning and sees a clear sky so decides that a picnic for lunch is a good idea. Last night the weather forecast included a 100% chance of rain by midday but Barbara did not watch the local news program
Is Barbara's prediction of good weather at lunch time rational? Why or why not?
Economic regulation occurs when:
a. monopoly is the optimal market structure b. the industry is highly competitive c. the product is important to economic welfare d. the government owns the assets of the industry e. the product price, if left unregulated, would be too low