Who appoints the members of the Board of Governors of the Federal Reserve?

Transfer payments are excluded from government purchases in GDP accounting because

A) they are a reward to individuals who have been productive their entire lives. B) they are difficult to measure. C) nothing is being produced in return for the payment. D) they are already included as part of investment.

The table above shows the total product schedule for Rick's Lawn Service, a yard care company. The total product schedule shows

A) increasing marginal returns when the 6th worker is hired. B) decreasing marginal returns when the 1st worker is hired. C) first increasing and then decreasing marginal returns. D) output first increases then increases. E) only decreasing marginal returns.