The Economic Report of the President
a. discusses recent developments in the economy and presents analysis of current policy issues.
b. is written by the Council of Economic Advisers.
c. is the responsibility of the economists at the Office of Management and Budget.
d. Both a and b are correct.
d
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The practice of packaging individual debts into a single uniform asset that can be easily bought and sold is called:
A. leveraging. B. securitization. C. federally-backed financing. D. bundled risk.
Use the following table to answer the next question. The following national income data for an economy is in billions of dollars.Consumption$5,100Investment1,100Transfer payments1,050Government purchases1,400Exports850Imports950Net foreign factor income20GDP for this economy is ________.
A. $7,500 billion B. $6,400 billion C. $9,400 billion D. $10,470 billion
Farm programs such as those of the United States and the European Union cause a misallocation of international agricultural resources primarily because:
A. they distort domestic and world agricultural prices. B. they inhibit technological progress in agriculture. C. production and trade occur on the basis of comparative advantage. D. price supports are set below market-clearing levels.
If we compare common and civil law, we find that:
a. Common law places more emphasis on private property rights b. Common law is less rigid c. Common law can adapt to new circumstances better d. a, b, and c are correct e. None of the above