Answer:
B. Congress cannot pass legislation that would restrict the Fed's independence
Explanation:
The Fed is an executive branch that has administrative autonomy to implement and manage monetary policy. This is important for monetary policy to have the purpose of maintaining a healthy economic environment without being used for political purposes. The Fed is free from interference by the National Congress, so Congress cannot act to diminish its independence.
Answer:
This is an example of marginal analysis, as the decisions made by Raphael are on margin.
Explanation:
The decision of Raphael about pool versus bike time is totally a "how-much decision". It is clear that pool time and bike time can both reduce the time for race. However, the efficiency of pool time is high currently, and hence there is much sense in trying to spend more time in the pool and less on bike. This however makes no sense that all the time is spent in the pool and no time biking. Raphael only intends to alter the number of hours spend on each activity at the margin.
The right answer is iron ore!
When there are not many sellers of a item the price of the item goes up because not many people have that item or sell it and the fewer the people that sell that item the more money the people make that have it and it makes it harder to get.
