The Federal Reserve Board of Governors
a. rotate each four years.
b. are appointed by the President and confirmed by the Senate.
c. are elected by popular vote.
d. hold lifetime appointments.
b
Economics
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The return that the entrepreneur can obtain in the best alternative business is called the
A) normal profit. B) economic profit. C) marginal profit. D) marginal revenue.
Economics
A health club sells 50 memberships when the monthly price is $60 and 70 memberships when the monthly price is $40 . Using the method of average values, the price elasticity of demand for memberships at this health club is
a. 6.00 b. 0.10 c. 1.00 d. 0.25 e. 0.83
Economics