The U. S. Postal Service historically has had a monopoly over the market for the delivery of first-class letters in the United States
a. True
b. False
Indicate whether the statement is true or false
True
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The Apple iPhone is sold in a box labeled "Made in China." A study by economists at the Asian Development Bank found the value of the iPhone components China ________ U.S. firms is ________ the value of assembling the iPhones in Chinese factorie
A) imports from; less than B) imports from; greater than C) exports to; greater than D) exports to; equal to
The Fed has the greatest control over which of the following?
A) the money multiplier B) discount loans C) the amount of excess reserves D) the nonborrowed monetary base
Despite both monetary and fiscal policy actions, real GDP declined at an annualized rate of 6% during the last quarter of 2008 and the first quarter of 2009
a. True b. False Indicate whether the statement is true or false
The purpose of the IMF is to:
A. provide developing countries with short-term loans and technical assistance. B. determine monetary and fiscal policy in developing countries. C. determine exchange rates for developing countries. D. buy and sell the currencies of developing countries in order to stabilize their value.