The Federal Reserve System
I. is the central bank for the United States.
II. is a United States government owned bank.
III. is a branch of the Treasury of the United States.
A) I only
B) I and II only
C) I and III only
D) I, II, and III
Ans: A) I only
Economics
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Tariffs can be used to redistribute income from
A) abundant factors to scarce factors. B) consumers to domestic producers. C) from one country to another. D) All of the above.
Economics
Other things equal, an increase in transfer payments will ________ consumption expenditures, which leads to ________ in output and employment
A) increase; an increase B) increase; a decrease C) decrease; an increase D) decrease; a decrease
Economics