Open Market operations consist mainly of ________
A) the government buying and selling private securities in the open market
B) the Fed buying and selling government securities in the open market
C) the government selling its own securities in the open market
D) the Fed setting rates for securities traded in the open market
E) none of the above
B
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Suppose the United States discovers a way to produce clean nuclear fuel. The effect of this discovery would be to
A) lead the United States to produce less nuclear fuel. B) force the United States to produce at a point inside its PPF. C) shift the U.S. PPF outward. D) shift the U.S. PPF inward.
Which of the following is NOT a financial asset?
A) a bond issued by Google B) Wells Fargo Bank C) a home mortgage loan D) a certificate of deposit
For society as a whole, producing more of one good or service has an opportunity cost because
a. human wants are limited and resources are unlimited b. both human wants and resources are unlimited c. resources are limited; human wants are irrelevant d. human wants are unlimited and resources are limited e. both human wants and resources are limited
Trade agreements are reciprocal in the sense that: a. workers and firms suffer because of international trade
b. a rise in the prices of imports in one country leads to a decrease in the prices of imports in other countries. c. when a country opens its domestic markets to imports, markets in other nations are opened to its exports. d. when small companies in one country sell to larger markets in other countries, they gain economies of scale.