A tariff is a tax on either imports or exports
a. True
b. False
A
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Beyond the Fed's immediate control, a wave of pessimistic economic forecasts in the banking industry can effectively ________ e and thus ________ the money supply
A) raise, raise B) raise, reduce C) reduce, raise D) reduce, reduce
The World Trade Organization is designed to do the following except:
A. monitor trade agreements. B. promote free trade internationally. C. enforce trade agreements between nations. D. ensure that trade doesn’t adversely affect the environment.
Indirect stock ownership means that a person
a. buys stocks through a stockbroker b. puts money into financial intermediaries that buy stocks c. has a friend buy stocks so that the IRS won't know about it d. puts money into a partnership rather than a corporation e. buys bonds instead of stocks when the interest rate is high
Should people typically pay more attention to their real income or their nominal income? If you choose the latter, why would that make sense in today’s world? Would your answer be the same for the 1970s?
What will be an ideal response?