The Federal Reserve is run at the national level by _____
a. Congress
b. the president
c. a board of governors
d. the federal government
c
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When calculating the user cost of capital, the after-tax rate of return and the economic rate of depreciation interact by
A. multiplication. B. subtraction. C. division. D. addition.
The focal point phenomenon:
A. argues that trade barriers force countries to locate production in other countries. B. explains why production tends to take place in a few select countries rather than being evenly distributed across countries. C. explains why production tends to take place in countries that have fewer trade barriers. D. argues that transportation costs make it unprofitable to locate production in other countries.
Which industry was first covered by a free trade agreement between Canada and the United States?
What will be an ideal response?
In equilibrium, with exports equal to imports it must be the case that
A) leakages equal injections. B) saving plus taxes equal government expenditures plus investment. C) total expenditures equal GDP. D) All of these.