If the Fed wants to lower the federal funds rate, it should:
A. increase the discount rate.
B. increase the reserve ratio.
C. buy government securities in the open market.
D. sell government securities in the open market.
C. buy government securities in the open market.
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The manager of View Your World, a high-end window manufacturer, notices that the cost to distribute their windows in the spot market has risen. As a result of the change, which of the following is true?
A) The manager has more of an incentive to integrate forward. B) The manager has more of an incentive to integrate backward. C) The manager has less of an incentive to integrate backward. D) The manager has less of an incentive to integrate forward
Adam Smith's basic economic philosophy stated in The Wealth of Nations can be stated as:
a. laissez faire. b. allow to act. c. the least government is best. d. all of these.
Refer to the table above. France has absolute advantage in
A) grapes. B) textiles. C) both grapes and textiles. D) neither grapes nor textiles.
The Board of Governors is made up of experts in:
A. finance and banking. B. accounting standards. C. fiscal policy. D. public policy