In a capitalist country most resources are owned by
A. business firms.
B. households.
C. the government.
B. households.
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Monetary policy decisions, such as the target growth rate in the money supply or the target level for interest rates, are set by the
a. president and congress. b. Federal Reserve Board of Governors. c. Shadow Open Market Committee. d. presidents of the Federal Reserve banks. e. Federal Open Market Committee (FOMC).
According to the crowding-out view, budget deficits will:
A. reduce interest rates. B. increase interest rates and retard private investment. C. reduce the investments of foreigners in the United States. D. increase the capital stock available to future generations.
An export subsidy helps reduce the selling price of a product by allowing individual producers to charge less and still cover all of their production costs.
Answer the following statement true (T) or false (F)
One thing oligopolists must do in order to determine their optimal strategy is
A. ignore the reaction of their rivals to their strategy. B. anticipate the reaction of their rivals to their strategy. C. ignore the reaction of their customers to their strategy. D. anticipate the reaction of government to their strategy.