The Federal Trade Commission is charged with
a. supervising cartels in the United States
b. aiding small business in contract negotiations with foreign companies
c. investigating unfair and deceptive trade practices
d. approving contracts between businesses and government
e. bringing criminal complaints
C
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The average person in the United States uses more than a million pounds of rocks, minerals and metals every year
Answer the following statement(s) true (T) or false (F)
One important difference between the political process and the market process is that
A) the political process results in collective actions that maximize economic surplus, while the market process may lead to efficiency losses. B) the political process results in collective actions in which everyone is made better off, while the market process results in actions that favor some groups only. C) the political process results in collective actions in which not everyone is required to participate, while in the market process individuals are obliged to participate. D) the political process results in collective actions in which everyone is obliged to participate, while in the market process individuals are free to participate or not.
If your local bank buys a few billion dollars worth of government securities, what happens to the economy's money supply?
What will be an ideal response?
A negative value for the U.S. official reserve assets line in the balance of payments accounts means that
A. the U.S. central bank has decreased its holdings of foreign reserve assets. B. the U.S. central bank has increased its holdings of foreign reserve assets. C. U.S. residents bought more gold from foreigners than they sold. D. U.S. residents have sold more gold to foreigners than they bought.