Which of the following statements best describes the 12 Federal Reserve Banks?
A. They are privately owned and privately controlled central banks whose basic goal is to
provide an ample and orderly market for U.S. Treasury securities.
B. They are privately owned and publicly controlled central banks whose basic function is to
minimize the risks in commercial banking in order to make it a reasonably profitable
industry.
C. They are privately owned and publicly controlled central banks whose basic goal is to
control the money supply and interest rates in promoting the general economic welfare.
D. They are privately owned and publicly controlled central banks whose basic goal is to earn
profits for their owners.
C. They are privately owned and publicly controlled central banks whose basic goal is to
control the money supply and interest rates in promoting the general economic welfare.
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The pollution charge
a. is the most commonly used market-based instrument internationally b. is sometimes implemented as an effluent charge to protect water resources c. can be used to control noise pollution d. all of the above e. none of the above
Horizontal summing of individual demands yields
a. the market demand for a private good b. the market supply of a private good c. the market demand for a public good d. the market supply of a public good
Refer to the Article Summary. If the 12 nations that are a part of the TPP do agree to these stricter pharmaceutical patent laws as a way to increase intellectual property rights, all of the following would most likely occur except
A) more patents would be issued to pharmaceutical companies. B) pharmaceutical companies would increase investment in the development of more experimental drugs. C) fewer dollars would be spent on the development of new medicines. D) pharmaceutical companies would consider expanding operations to these TPP nations.
More than 90 percent of the privately insured, nonelderly population in the U.S. receives group coverage through the workplace. Which one of the following statements is not true about employer-sponsored insurance (ESI) in the U.S.?
a. The workplace is an ideal setting for risk pooling; workers are typically healthier than non-workers are. b. Group coverage provides administrative savings. c. Employees will not purchase insurance voluntarily. The employer must be involved. d. ESI receives favorable tax treatment when the employer pays the premium.