A typical professional National Football League team has three quarterbacks on its roster. What is one reason why they might not have a fourth quarterback?
A) The fourth quarterback's marginal product is approximately zero.
B) The fourth quarterback's marginal product is approximately ten.
C) The fourth quarterback's marginal product is less than the first quarterback's marginal product.
D) There is a law against carrying four quarterbacks on a team.
A
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Refer to the figure above. The triangular region BEC shows the ________ due to the price ceiling
A) gain in consumer surplus B) loss in consumer surplus C) gain in producer surplus D) loss in producer surplus
If the Federal Reserve buys $3 billion worth of Japanese yen, $6 billion of euros, and sells $5 billion of British pounds, how does this affect the balance of payments?
A) Falls by $4 billion B) Rises by $4 billion C) Rises by $9 billion D) Falls by $5 billion