Author Question: The Federal Reserve Board of Governors has: a. seven members who serve 6-year terms. b. 12 members ... (Read 199 times)

jace · **on:** Jun 30, 2018

The Federal Reserve Board of Governors has:
a. seven members who serve 6-year terms.
b. 12 members who serve 14-year terms.
c. seven members who serve 4-year terms.
d. 12 members who serve 4-year terms.
e. seven members who serve 14-year terms.

Question 2

Which of the following statements is true?
a. The United States today comes closer to the socialist form of economic organization than it does capitalism.
b. When central planners set prices above equilibrium for goods and services they create shortages.
c. According to Karl Marx, under capitalism, workers would be exploited and would revolt against the owners of capital.
d. Adam Smith argued that government's role in society would be to do absolutely nothing.