The Federal Reserve transfers profits from its twelve regional banks to

investment and commercial banks.

central banks in Europe and Asia.

the Department of Commerce.

the Department of the Treasury.

What does Blake mean by calling the lamb a "child"? A child wears soft clothes made from lamb's wool. A child likes to run all over the grass like a lamb. A child has unsteady legs like a lamb. A child is gentle like a lamb.

What famous economist developed the principle of comparative advantage as we know it today?

Sludge Corporation has two bonds outstanding, each with a face value of $3.00 million. Bond A is a senior bond; bond B is subordinated. Sludge has suffered a severe downturn in demand, and its assets are now worth only $5.00 million.

If sellers do not adjust their quantity supplied at all in response to a change in price, the price elasticity of supply is a. infinity, and the supply curve is vertical. b. infinity, and the supply curve is horizontal. c.

True or false. outsourcing is the process of engaging a foreign provider to supply products or services the firm no longer intends to produce internally. a. True b. False

Consider a simple economy that produces two goods: pens and oranges. The following table shows the prices and quantities of the goods over a three-year period.

Which of these would be a result of inflation? A business reports a loss for a tax year. A CEO pays less in taxes than five years ago. A company scales back production. A company increases production as a result of growing demand.

Which of the following would be the best example of a total institution? a. a mental hospital b. a private university c. a parochial school d. a baseball team

What is an over-zealous speaker?

The amount of fica tax that employers must pay is twice the amount of the fica taxes withheld from their employees. true or false