Which of the following statements about the FDIC is untrue?
a. It sets the legal reserve requirement.
b. It conducts bank audits and examinations.
c. It provides demand deposit insurance for participating banks.
d. It helps prevent bank failures.
e. It is a government agency.
A
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If net exports are a negative number, then:
a. we are not buying enough exports. b. we are buying too many exports. c. GDP will underestimated when measured using the expenditure approach. d. we are exporting more than we are importing. e. we are exporting less than we are importing.
In the United States, there are a number of programs that provide goods and services, such as food, medical care, and housing, to the poor. How could income standards be changed, in light of these programs, to better reflect absolute poverty? a. The income standards should not change because these programs provide goods and services, not money. b. The income standards should be increased, since
it costs money to provide these goods and services. c. The income standards should be increased, because these programs will affect the relative measure of poverty. d. The income standards should be decreased, since program recipients require less income to meet a minimum standard of living.
The unique feature of a progressive income tax is that the higher one's income (up to some point), the __________ one pays
A) more taxes B) higher the tax rate C) less taxes D) lower the tax rate E) none of the above
Which of the following contributes to economic? growth?
A) increase in environmental protection policies
B) increase in labor regulations restricting the hours of overtime allowed
C) increase in labor productivity
D) increase in consumer spending