Which is more independent, the federal reserve or the european central bank? why? a. the federal reserve systemlong dash—it must be more independent since the european central bank was patterned after it. b. the federal reserve systemlong dash—its charter can be changed through legislation, making it more independent than the european central bank. c. the european central banklong dash—its charter cannot be changed through legislation, making it more independent than the federal reserve. d. because the structures of the federal reserve and the european central bank are similar, it can be argued that the two systems have the same level of independence?

Upscale hotels in the united states recently cut their prices by 20 percent in an effort to bolster dwindling occupancy rates among business travelers. a survey performed by a major research organization indicated that businesses are wary of current economic conditions and are now resorting to electronic media, such as the internet and the telephone, to transact business. assume a company's budget permits it to spend $5,000 per month on either business travel or electronic media to transact business. graphically illustrate how a 20 percent decline in the price of business travel would impact this company's budget set if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour. suppose that, after the price of business travel drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel is 1. is the company allocating resources efficiently? explain.

Which of the following are considered needs? check all that apply

What are the general categories of capital budget scenarios? describe the overall decision-making context for each.