The Federal Open Market Committee is important because
a. its deliberations are extremely private
b. it sets the course for the nation's money supply
c. it is composed of people who are most knowledgeable about the economy
d. it discusses unemployment and inflation
e. of its influence on fiscal policy
B
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The graph illustrates the market for bottled water. When the price exceeds the equilibrium price, the quantity demanded is ________ the quantity supplied and the price of the good will ________
A) less then; fall B) greater than; fall C) equal to; fall D) less than; rise E) greater than; rise
Suppose that the United States decided to subsidize a major competitive effort by the semiconductor industry to bring to market the next generation computer chip. Under the current rules of the WTO and GATT, the U.S. effort is
A) allowed as long as the subsidies are a small percent of the total cost. B) allowed as long as the subsidies do not involve a direct payment to the industry. C) not allowed. D) neither allowed nor disallowed. E) allowed as long as the subsidies do not succeed in creating a new product.
Which of the following contributed to the downfall of the Soviet Union in 1991?
A) public dissatisfaction with low living standards and political repression B) producing higher-quality goods than were desired by consumers C) the rapidly increasing standard of living D) the lack of a strong dictator who could coordinate economic activities
Refer to the data provided in Table 11.1 below to answer the following question(s).
Table 11.1 
Refer to Table 11.1. If the interest rate is 28%, Nashbar Bicycle should
A. fund only the purchase of new tablet computers for its sales staff. B. fund all of the projects. C. not fund any of the projects. D. fund the remodeling of the distribution center and the on-site day care center.