In terms of informal power within the Federal Reserve, which of the following groups do experts regard as the most powerful?
A) The Federal Advisory Council
B) The economic staff of the U.S. Department of Commerce
C) The economic staff of the Board of Governors
D) Federal Reserve Bank directors
C
Economics
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The above figure shows the market for labor. The employer is a monopsony. If the workers are unionized, the wage will be
A) $5 per hour. B) between $5 per hour and $15 per hour. C) above $15 per hour. D) less than if the workers were not unionized.
Economics
Refer to the information provided in Figure 13.9 below to answer the question(s) that follow. 
Figure 13.9 Refer to Figure 13.9. Ohio Edison would be willing to pay up to area ________ for rent-seeking activities to protect its monopoly power.
A. FGBC B. FAE C. FGBE D. BEC
Economics