Economic theory assumes elected representatives in government vote
A) in the public interest.
B) without any interest.
C) in their own interest.
D) in complete harmony with the interests of the majority of citizen-voters.
C
Economics
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The Board of Governors of the Federal Reserve System is responsible for
a. approving changes in the discount rate. b. controlling monetary policy. c. administering discount lending. d. Both a and b e. All of the above
Economics
Refer to the above figure. Corn is an input for producing Corn Flakes. Which diagram shows the effect on the supply of Corn Flakes when the price of corn has increased?
A) graph C B) graph D C) neither graph D) both graphs
Economics