Monetary policy is determined by
a. the president and Congress and involves changing government spending and taxation.
b. the president and Congress and involves changing the money supply.
c. the Federal Reserve and involves changing government spending and taxation.
d. the Federal Reserve and involves changing the money supply.
d
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If the price of a Canadian dollar went from 0.95 US dollars to 0.98 US dollars, we would say that the Canadian dollar has
a. Appreciated b. Depreciated c. Not changed in value d. None of the above
Voluntary exchange
a. is usually beneficial to one party, but not the other. b. is always beneficial to both parties. c. is occasionally beneficial to both parties. d. occurs only between nations, not between individuals.
Which of the following would be most likely to improve the standard of living of people in less-developed nations?
a. the development of strong labor unions b. an increase in foreign investment c. an increase in the share of the population under fifteen years of age d. higher tariffs and the imposition of other restraints designed to restrict international trade
Sound economic policy is policy that is consistent with
a. good intentions. b. quick action and frequent policy changes until positive results are achieved. c. monetary stability, free trade, and low tax rates. d. saving jobs, protecting domestic industry, and increasing tax revenue.