The endowment effect is the tendency of people to be unwilling to sell a good they already own even if they are offered a price greater than they would be willing to pay to buy the good if they did not already own it

In a market system, the ultimate decision about what to produce is left to

A) buyers. B) the government. C) sellers. D) households.

What are the two policy-making bodies of the Federal Reserve?

A) the Board of Governors and the U.S. Congress B) the Board of Governors and the Federal Open Market Committee C) the Board of Governors and the Presidents' office D) the Federal Open Market Committee and the U.S. Congress