The Fed can make loans to the general public at the discount rate
a. True
b. False
Indicate whether the statement is true or false
False
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An example of an upper-middle income country is
a. India. b. Brazil. c. Indonesia. d. Nigeria.
Assets denominated in foreign currency and use in international transactions are referred to as:
A) foreign money B) international reserves C) international monetary base D) foreign exchange
What is one reason patents are required?
A) Information concerning innovation is private and secure. B) Human nature is corrupt. C) Information concerning innovation is generally not private and secure. D) The patent only makes things better in the short-run.
Specialization and trade benefits a participating country that: a. specializes in those things they have both a comparative and absolute advantage in
b. specializes in those things they have a comparative advantage in, even if they have an absolute disadvantage. c. They specialize in those things they have an absolute advantage in, even if they have a comparative disadvantage. d. Does either a. or b.