Which of the following is not included in the U.S. balance of payments?
a. U.S. corporate gifts to families harmed by a hurricane.
b. U.S. government military gifts to foreign governments.
c. U.S. aid to Indonesian tsunami victims.
d. All of the above are included in the balance of payments.
.D
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From 1979 to 1982, the Fed targeted bank reserves as the monetary policy tool. One side effect of this strategy was:
A. the inflation rate increased to over 18 percent in 1983. B. inflation remained high for most of the 1980's. C. many banks failed that otherwise may not have. D. interest rates rose very high.
The problem with a detailed budget is:
a. that monetary policy becomes more difficult to implement. b. that it reduces the flexibility of discretionary fiscal policy. c. that the Congress cannot keep it up to date. d. that there is a shortage of congressional committees which deal with the budget.
Which statement is false?
A. The 1961 electrical machinery anti-trust case is an example of covert collusion. B. Two of the companies involved in the electrical machinery case were charged with price fixing on turbine generators 11 years after being convicted of price fixing and illegal market-sharing. C. The conviction of high-ranking company executives in the 1961 electrical machinery case effectively ended covert conspiracies in this country. D. In 1996 the Archer Daniels Midland Company pleaded guilty and paid a $100 million criminal fine for its role in two international conspiracies to fix prices and eliminate competition in the lysine and citric acid markets.
Which statement is true?
A. One basis for monopoly is control over an essential resource. B. All forms of a monopoly are illegal in the United States. C. Economies of being established is the same as economies of scale. D. General Motors is a monopoly.