The following countries as a group represent the most important markets for U.S. agricultural exports:
A) Developing countries B) Developed countries
C) Centrally planned countries D) Former Soviet Union members
Answer: A
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The practice of factoring involves
A) the syndication of underwriting large security issues. B) the selling of accounts receivable at a discount in return for cash. C) breaking up large mutual funds into smaller funds. D) spreading the risk of insurance through reinsurance.
The Taylor Rule specifies that the federal funds rate target should be equal to
A) 0.5 ( inflation rate) + 1.5 (GDP gap) + 1 B) 1.5 (inflation rate) + 0.5 (GDP gap) + 1. C) interest rate - expected inflation rate. D) equilibrium federal funds rate + inflation rate +1
Most of the government budget is mandatory spending through programs like Medicare and Social Security, and much of the rest is politically difficult to alter. Because of this:
A. the amount of spending is unlikely to be implemented as economists suggest. B. fiscal policy that involves raising taxes is more likely to be implemented than fiscal policy that involves borrowing money. C. most spending is geared to perform as an automatic stabilizer, so that Congress is in fact largely irrelevant when it comes to providing a fiscal response to a recession. D. fiscal policy is always undertaken only when there is a national crisis that motivates voters to seek change.
The Chunnel auto tunnel allows motorists to travel between England and France. As an alternative, there is ferry service across the English Channel. What would happen in the market for ferry service if fees for using the Chunnel were increased?
A) The demand for ferry service would increase. B) The demand for ferry service would decrease. C) There would be an upward movement along the demand curve for transits through the Chunnel. D) There would be a downward movement along the demand curve for transits through the Chunnel.