In comparing the changes in TC and TVC associated with an additional unit of output, we find that:
A. the change in TVC is equal to MC, while the change in TC is equal to TFC.
B. the change in TC exceeds the change in TVC.
C. the change in TVC exceeds the change in TC.
D. both TC and TVC are equal to MC.
Answer: D
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The Federal Reserve System consists of
A) one Federal Reserve Bank and 12 Federal Reserve districts, each with one branch bank. B) a main central bank located in New York, with 11 additional branch banks located across the country. C) 12 Federal Reserve Banks, each of which have a degree of independence from the U.S. government. D) 12 independent banks in the 12 Federal Reserve districts, each of which are owned and controlled by the federal government.
Which of the following is most likely to be a major source of growth in per capita GDP
What will be an ideal response?