Decisions regarding purchases and sales of government securities by the Fed are made by the:
a. Federal Funds Committee.
b. Discount Committee.
c. Federal Open Market Committee.
d. FDIC.
c
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Based on the figure above, which of the following factors could lead the supply curve to shift rightward from S0 to S2?
A) a fall in foreign interest rates B) a fall in the U.S. interest rate C) a rise in the U.S. exchange rate D) a fall in the U.S. exchange rate E) a rise in expected future U.S. exchange rate
Most, but not all, athletic apparel sold in the United States is imported from other nations. If the price of athletic apparel increases, the GDP deflator will
a. increase less than will the consumer price index. b. increase more than will the consumer price index. c. not increase, but the consumer price index will increase. d. increase, but the consumer price index will not increase.
The World Bank defines severe poverty as
A. An income level that does not allow an individual to buy basic necessities. B. An extreme lack of food. C. An income level of less than $1.25 per person per day. D. An income level of less than $3.10 per person per day.
The small city of Pleasantville is considering building a public swimming pool that costs $1,000. Each resident's marginal benefit of the swimming pool is shown below. It takes a 4/5 majority to pass any tax measure, and all residents must vote. VoterMarginal BenefitKyle$420Dylan$360Fran$350Ronnie$190Sam$170 Kyle proposes that the city auction the right to build the pool to the highest-bidding company. The winning company would be able to charge residents a one-time fee to use the pool as much as they like, and only residents who pay the fee would be allowed to use the pool. If the private company could perfectly price discriminate, then:
A. no private company would bid on the right to build the pool. B. a private company would be willing to bid up to $1,000 to build the pool. C. a private company would be willing to bid up to $1,490 to build the pool. D. a private company would be willing to bid up to $490 to build the pool.