Which of the following is an aspiration of what the organization wants to become in the future?
Mission
Vision
Values
Goals
Mission
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Virtually all Federal Reserve open-market purchases and sales are conducted with government securities, mostly
A) Treasury bills. B) Treasury notes. C) Treasury bonds. D) savings bonds.
Which of the following is a reason why an American would demand British pounds?
a. To purchase British real estate b. To purchase Japanese semiconductors c. To purchase French government bonds d. To purchase stocks on the New York Stock Exchange e. To purchase a ticket to see a British film in the U.S.
A town engineer comes to the city council with a proposal to install a traffic light at a certain intersection that currently has a stop sign. The benefit of the traffic light is increased safety because the light will reduce the incidence of fatal traffic accidents by 50 percent per year. Which of the following statements is correct?
a. The city council should vote to install the traffic light because the benefits will outweigh the costs. b. The city council should carefully evaluate the benefits of reduced fatalities against only the explicit costs of the light. c. The city council should carefully evaluate the benefits of reduced fatalities against the costs of the light and of the extra time that drivers will spend waiting for a green light. d. The costs will invariably outweigh the benefits.
The idea that firms and resource suppliers, while seeking to further their own self-interests in a market economy, also promote the public interest describes:
A. "dollar votes." B. the "invisible hand." C. the guiding function of prices. D. capital accumulation.