To say that the Federal Reserve Banks are quasi-public banks means that:
A. they are privately owned but managed in the public interest.
B. they deal only with banks of foreign nations and do not have direct business contact with U.S. banks.
C. they deal only with commercial banks, and not the public.
D. they are publicly owned but privately managed.
A. they are privately owned but managed in the public interest.
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According to the Institute for Economics and Peace (IEP), as of 2012, "were the world to reduce its expenditures on violence by _________ percent, it would be enough to provide the necessary money for the European stability fund, repay Greece's debt, and cover the increase in funding required to achieve the United Nation's Millennium Development Goals."
a) 10 b) 30 c) 15 d) 25
Mahatma Gandhi exhorted his followers in India to promote economic welfare by decreasing imports. This approach
A) makes no sense. B) makes no economic sense. C) is consistent with the the Ricardian model of comparative advantage. D) is not consistent with the Ricardian model of comparative advantage. E) guarantees benefits for Indian workers.
In the case of a private good, which of the following forms of economic organization will result in the strongest incentive for consumers and producers to economize?
a. The good is produced privately and taxes are used to provide it to consumers free of charge. b. The good is produced privately and consumers purchase it with their own money. c. The good is produced by government enterprises and the cost of its production is covered by taxes. d. The good is produced by government enterprises and consumers purchase it with their own money.
Policy should create an environment in which the economy can expand its productive capacity rapidly, because that is the ultimate source of higher living standards. This task is the realm of
A. growth policy. B. stabilization policy. C. labor policy. D. inflation policy.