As global financial markets become more intertwined, the Fed has
A) less control over monetary policy.
B) more control over monetary policy.
C) more control over fiscal policy.
D) less control over fiscal policy.
A
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When David Palmisano won the Powerball, he could choose between getting annual installments or taking a lump sum. An economist suggested that David think about
a. marginal product b. the present value of an income stream c. marginal disutility d. the present value of a payment only one year hence e. the demand for labor
What is the "most favored nation" principle of the WTO?
a. Trading partners may choose a favorite nation to trade with. b. Any nation can refuse to trade with another that is not its most favored nation. c. The WTO has the right to choose the nation that has performed best within the WTO guidelines as its most favored nation. d. Every nation must grant the same rights and treatment to other nations in the WTO as its "most favored nation."
Which of the following items is an example of a good that is nonrival but excludable?
A. National defense B. Broadcast television C. Pay-per-view movies D. Corn
Fill in this table. Assume that fixed cost is $100.
