In the United States, the primary agency responsible for foreign exchange intervention is
A) the U.S. treasury.
B) the Federal Reserve.
C) the exchange stabilization fund.
D) the IMF.
A
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Which of the following is not part of the "taxes" provision of the Patient Protection and Affordable Care Act (ACA)?
A) Workers earning more than $200,000 pay higher Medicare payroll taxes. B) Investors earning more than $200,000 pay a new tax on their investment income. C) Pharmaceutical firms and health insurance firms pay new taxes. D) Beginning in 2018, all taxes on employer-provided health insurance plans will be reduced or eliminated.
Sally Jones lost her job at a steel company because of a permanent decline in the demand for steel. Sally Jones is considered by economists to be
A) naturally unemployed. B) cyclically unemployed. C) structurally unemployed. D) frictionally unemployed.
For private consumption goods, the optimal number of users is determined by the unanimity rule
a. True b. False
Firms that exhibit price-taking behavior
A) wait for other firms to set price, take it as given, and charge a higher price. B) have outputs that are too small to influence market price and thus take it as given. C) take pricing behavior in their own hands. D) are independently capable of setting price.