In its day-to-day operations, the Fed focuses on
a. an unemployment rate target
b. an inflation rate target
c. an interest rate target
d. a money demand curve target
e. several economic targets together
C
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Charging risk-based insurance premiums is a time-honored principle of insurance management to reduce
A) moral hazard. B) adverse selection. C) free riding. D) principal-agent problems.
The main reason barter is extremely inefficient is that:
A. it can have very high transactions costs associated with it. B. you have to find someone who both has what you want and wants what you have. C. people and firms have to spend a lot of time looking for mutually agreeable trades. D. All of these are true.
At the Bretton Woods conference, all currencies were given
A. a fixed value. B. a floating value. C. a zero value. D. a par value.
Macroeconomics
A. deals with both individual decisions and the sum of those individual decisions. B. studies the behavior of individual consumers, firms and markets. C. studies the behavior of the economy as a whole. D. involves the interaction between different countries in specific markets.