For the past 40 years the Federal Reserve has expressed policy in terms of a target value for:
A. open market operations.
B. bank reserves.
C. the Federal Reserve discount rate.
D. the federal funds rate.
Answer: D
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If Nate takes out a $5,000 loan for one year at 10 percent annual interest, the principal is:
A. $5,000. B. $5,500. C. $500. D. $1000.
In its most basic form, globalization has existed ever since:
a. the creation of the Internet, which enables people to sell their products overseas. b. the end of World War II. c. the creation of the International Monetary Fund (IMF), which establishes the rules for all countries to follow as they trade. d. the fall of the Berlin wall which marked the end of communism and thus, the beginning of truly "global" times. e. primitive societies began to engage in trade.
Christy and Claudia are aspiring models. Talent scouts consider them to be similarly beautiful. Both enter a talent show. Claudia contracts food poisoning the night before the competition and withdraws. Christy wins the competition and signs a multi-million dollar contract. The differences in their earnings likely reflect
a. discrimination. b. differences in human capital. c. differences in signaling. d. chance.
The airline industry is best classified? as:
A) an oligopoly.
B) a monopoly.
C) perfectly competitive.
D) monopolistically competitive