The Federal Reserve Board of Governors
a. serve at the pleasure of the president similar to other cabinet positions.
b. report directly to Congress and are controlled by Congress.
c. consists of 12 members, one from each district bank.
d. is structurally independent of the executive and legislative branches of the federal government.
d
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A country that has an absolute advantage in producing all goods will ________
A) have a comparative advantage in some goods but not all B) produce all goods at lowest opportunity cost C) have a comparative advantage in all goods D) not gain from specialization and trade
The following chart indicates the reductions in total losses due to theft if a jewelry store hires additional security guards. Number Dollar Value of of Guards Thefts Prevented 1 150 2 240 3 310 4 360 5 400 6 430 If the security guards can be hired for $45 per day, how many guards should the shop hire?
A. 2. B. 3. C. 4. D. 5.