Which of the following is NOT an operating instrument?
A) nonborrowed reserves
B) monetary base
C) federal funds interest rate
D) discount rate
D
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Japan exports cars to the other countries of the world. In an open economy Japan is most likely to have a domestic price that is ________ the world price of cars.
A. less than B. close to C. equal to D. greater than
Adverse selection in the market for health insurance arises because
A) buyers of insurance know more than insurance companies about the likelihood of an illness for which buyers want insurance. B) the federal government intervenes in insurance markets by controlling prices and reimbursement policies. C) many insurance companies care more about profits than they do about providing services for their customers in the event of illness. D) insurance companies are not allowed to charge premiums that are high enough to insure against "worst-case" illness.
In the developing country of Sixsigma, most likely
a. resource owners tend to supply their resources where are most valued b. almost all workers are employed in service industries c. links to family or clan are totally unimportant d. children are expected to choose occupations as different as possible from their parents' occupations e. family businesses resist growth to avoid having to hire people from outside the family
Classical economists believe that
a. velocity varies directly with the money supply b. changes in the money supply affect real GDP c. the quantity of money explains prices d. the money supply affects velocity e. there are three motives involved in the demand for money