The Federal Reserve CANNOT do which one of the following?

A) Change the tax rate on profits
B) Change the discount rate
C) Change the required reserve ratio
D) Change margin requirements
E) Buy securities on the open market

Services are considered heterogenous which means they cannot be stored for use in the future.

Unlike Arthur, Steven is in a poverty trap. Which of the following statements is most likely true for Arthur and Steven?

A) Arthur has a lower level of individual capability for health than Steven.
B) Arthur is more susceptible to violence than Steven.
C) Steven has a lower level of individual capability for education than Arthur.
D) Steven is more likely to be able to feed and clothe his family than Arthur.

In the context of styles of listening, listening for pleasure, recreation, amusement, and relaxation is intensive listening.

Which of the following is a positive statement?

A) When the price of a good goes up, consumers buy less of it.
B) When the price of a good goes up, firms produce more of it.
C) When the Federal government sells bonds, interest rates rise and private business investment is reduced.
D) all of the above
E) none of the above

Total surplus in a market is the excess of the number of consumers above the optimum number.