On the Fed's balance sheet, assets include

A) reserves of depository institutions and mortgage-backed securities.
B) U.S. government securities and mortgage-backed securities.
C) currency and reserves of depository institutions.
D) currency and mortgage-backed securities.

B

Economics

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Based on the above figure, for which of the following levels of output at Ike's Ice Cream Kitchen does the marginal product of labor exceed the average product of labor?

A) at 10 gallons B) at 40 gallons C) at 70 gallons D) all of the above

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Industrial policy involves governments using taxes, subsidies, and regulations to nurture the development of specific industries

a. True b. False Indicate whether the statement is true or false

Economics