The Federal Reserve does all of the following except
A) make loans to individuals
B) influence the supply of money
C) influence the value of mone
D) regulate the banking system
Answer: A) make loans to individuals
Economics
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If you exhibit the endowment effect as a decision maker, then you are
A) consuming based on celebrity endorsements. B) deciding on the basis of sunk costs. C) buying something you can't really afford because you expect to save in the future. D) ignoring non-monetary opportunity costs.
Economics
Refer to Figure 15-6. The monopolist earns a profit of
A) $0. B) $170. C) $248. D) $372.
Economics