The Fed's control over interest rates, quantitative easing, and direct lending to financial institutions are some of the tools of
A. fiscal policy.
B. margin control.
C. monetary policy.
D. discount policy.
Answer: C
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When two country's laws and regulations are similar, economist's arguments for free trade are:
A. stronger than when the laws are different. B. identical than when the laws are different. C. weaker than when the laws are different. D. the opposite than when the laws are different.
Refer to Exhibit 6-2. The unemployment rate in year 1 is
a. 12 1/2 percent. b. 70 percent. c. 87 1/2 percent. d. 30 percent. e. 10 percent.
Larry was accepted at three different graduate schools, and must choose one. Elite U costs $50,000 per year and did not offer Larry any financial aid. Larry values attending Elite U at $60,000 per year. State College costs $30,000 per year, and offered Larry an annual $10,000 scholarship. Larry values attending State College at $40,000 per year. NoName U costs $20,000 per year, and offered Larry a full $20,000 annual scholarship. Larry values attending NoName at $15,000 per year. Larry maximizes his economic surplus by attending:
A. NoName U because the annual cost is only $20,000. B. Elite U. C. NoName U because he has a full scholarship there. D. State College.
Which principle of the GATT/WTO do regional trade agreements violate?
a. the principle of first mover b. the targeting principle c. the most favored nation principle d. the principle of comparative advantage