The ________ book provides information of current economic conditions and is used by the Federal Reserve in formulating monetary policy
A) Red
B) Blue
C) Beige
D) Green
C
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Refer to Figure 2-13. Which country has a comparative advantage in the production of pineapples?
A) Costa Rica B) They have equal productive abilities. C) Guatemala D) neither country
Which of the following referred to derivatives as "financial weapons of mass destruction?"
A) Ben Bernanke B) Barack Obama C) Warren Buffett D) Michael Lewis
When firms already in the industry produce under conditions of substantial economies of scale, entry into the industry is usually more difficult than if the firms produced without those economies of scale
Indicate whether the statement is true or false
Which statement is true?
A. The federal budget deficit reached a peak in 1992 and has been declining since then. B. The federal budget deficit in fiscal year 1997 was at a record high. C. Because we ran federal budget surpluses since 1998, the national debt is falling. D. The federal government ran budget surpluses from 1998 to 2001, but returned to deficits since 2002.