Which of the following impacts of a Gulf hurricane would not show up as a direct loss to GDP?
a. The reduction in crude oil production
b. The reduction in oil refining
c. The loss of oil production facilities
d. The loss of restaurant business in coastal communities
e. The reduction in agricultural production
C
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The Board of Governors of the Federal Reserve System does NOT
A) consist of seven members with fourteen-year terms. B) include the presidents of the twelve Federal Reserve Banks. C) utilize a system of rotations so that a position comes open every two years. D) consist of members whose appointments have been approved by the Senate.
To raise the most tax revenue, governments should consider taxing goods with:
a. income elastic demands. b. price inelastic demands. c. income elastic demands. d. income inelastic demands. e. cross price elastic demands.