If the U.S. Federal Reserve earns more than it spends,
A) it returns the profits to the U.S. Treasury.
B) it keeps the profits to offset years when it spends more than it earns.
C) it is free to invest the profits, similar to any private organization.
D) Based on its structure, it is impossible for the Fed to earn more than it spends.
Question 2
Providers of health care insurance require applicants to provide information on their medical history. The purpose may be to minimize which of the following problems?
A) moral hazard
B) adverse selection
C) government taxes
D) opportunity cost
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The strange situation. The Strange Situation features a series of episodes in which (a) the mother l
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