What is the Federal Open Market Committee (FOMC) ?
The Federal Reserve's committee that directs the buying and selling of U.S. government securities, which are major instruments for controlling the money supply.
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The driving force behind the increase in FDI within developed economies is
A) cross-border mergers and acquisitions. B) the international financial architecture. C) the stabilization of international currencies. D) the accumulation of government debt.
Consumption spending is __________ and investment spending is __________ in the Keynesian model
A) autonomous; autonomous B) autonomous; induced C) induced; autonomous D) induced; induced
NAFTA probably helped productivity in Mexico's maquiladora sector, but:
a. trade with China has taken on more importance. b. world competition and the close relationship with the United States may have limited its comeback. c. both governments have reversed some of the tariff reductions. d. Mexico has raised taxes on the maquiladoras, and that has caused international tension.
The willingness of certain people to use coupons sends a signal to businesses that those people ______.
a. have a steep demand curve b. are minimally reactive to price changes c. are willing to pay higher prices d. have an elastic demand