To maximize satisfaction, the consumer must reach the lowest indifference curve that can be reached with a given level of income

When a country starts exporting a good, there is no change in the surplus enjoyed by the domestic consumers of the good

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

What does the Fed auction at the Term-Auction Facility?

a. government bonds of a quantity it sets b. government bonds with the quantity determined at the auction c. loans of a quantity it sets d. loans with the quantity determined at the auction