Which of the following describes a change that the Federal Reserve made in response to the financial crisis of 2007-2009?
A) The Fed extended the lender of last resort function to institutions other than banks.
B) The Fed narrowed the scope of its open market operations, choosing to limit it to only buying Treasury securities from banks.
C) The Fed discontinued its term auction facility (TAF) program.
D) all of the above
A
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The Neoclassical Heckscher-Ohlin model assumes that all producers of any industrial product has knowledge of, and may avail itself of the same production technology available to producers in any other country
Many have flagged this identical technology assumption as unrealistic. During the past half century, the relative importance of Multinational Corporations (MNCs) in world trade has steadily increased. How would this trend affect the realism of the "identical technology" assumption?
Leakages cause diversion of income from the domestic spending stream
a. True b. False Indicate whether the statement is true or false
As the price of cookies increases, firms that produce cookies will:
A. increase the supply of cookies. B. increase the quantity of cookies supplied. C. decrease the quantity of cookies supplied. D. decrease the supply of cookies.
How does ‘consumer sovereignty’ determine the types and quantities of the goods produced in an economy?
Please provide the best answer for the statement.