Which statement about the Federal Reserve System is true? A. Its chairman is the Secretary of the Treasury. B. Its leaders are chosen by the political party that holds the White House. C. It is controlled by a congressional committee. D. It is run by a board that is independent of political parties.
Which of the following are factors that can cause a shift in supply? A. demand decreases and competition increases B. demand increases and competition decreases C. less availability of products and increasing market share D. production increases and establishment of new companies
In the long term, the elasticity of supply is affected most by A. time B. resources C. Labor D. Capitol
Metacognition is planning about planning. predicting about predicting. learning about learning. knowing without knowing
“The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable distribution of wealth and incomes.” 1. This quotation best supports which of the economic theories of John Maynard Keynes? a.) Businesses and jobs rely most strongly on consumer demand. b.) Government regulation is necessary to stabilize the economy. c.) Markets operate best when allowed to operate freely. d.) Private individuals can best make their own economic decisions.
