The symbiotic relationship between mass production and mass consumption was best personified by
A. John D. Rockefeller.
B. Andrew Carnegie.
C. Henry Ford.
D. John Deere.
C. Henry Ford.
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If the Federal Reserve sells $1,000 in bonds and, as a result, the money supply decreases by $2,500, what is the required reserve ratio?
a. 0.4 b. 2.5 c. 0.5 d. 0.1 e. 0.2
Economic development is:
A. a measurement of available resources. B. an indicator of individual poverty. C. about the quality of life for all sectors of society. D. about increases in real GDP only.
Because the political institutions of many developing countries are weak:
A. it is easier for them to conduct activist economic policies that foster development. B. it is no more difficult for them to adopt activist economic policies than it is for developed countries. C. it is harder for them to conduct activist economic policies that foster development. D. a laissez-faire policy is counterproductive.
What is the primary function of the Term Asset-Backed Securities Loan Facility?
A. Provide funding support for collateralized securities such as student, auto, and credit card loans. B. Provide securities loans to primary dealers for one-month terms. C. Provide overnight loans to primary dealers willing to post loan-backed securities as collateral. D. Provide loans to U.S. financial institutions to purchase commercial paper.