U.S. government purchases of gold are officially carried out by the
A) New York Federal Reserve Bank.
B) Federal Open Market Committee.
C) Federal Deposit Insurance Corporation.
D) U.S. Treasury.
D
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An inverse intensity customer sorting rule is one in which
a. customers with high willingness to pay secure the discounted goods b. customers are rationed randomly between the discounted and full price goods c. no customers purchase below their willingness to pay d. customers with the lowest willingness to pay secure the discounted goods e. brand loyalty allows the incumbent to retain its regular customers
Suppose we were analyzing the pound per Swiss franc foreign exchange market. If there is the expectation that the Swiss franc will rise in value in the near future, then in the spot market:
a. The supply of Swiss francs in the foreign exchange market falls, and the demand for Swiss francs in the foreign exchange market falls, causing an uncertain change in the value of the Swiss franc. b. The supply of Swiss francs in the foreign exchange market falls, and the demand for Swiss francs in the foreign exchange market rises, causing an appreciation of the Swiss franc. c. The supply of Swiss francs in the foreign exchange market rises, and the demand for Swiss francs in the foreign exchange market rises, causing an uncertain change in the value of the Swiss franc. d. The supply of Swiss francs in the foreign exchange market rises, and the demand for Swiss francs in the foreign exchange market falls, causing a depreciation of the Swiss franc. e. Neither supply nor demand in the foreign exchange market change because relative international prices influence trade flows and not the exchange rate.
Because of voter rational ignorance, the government might not produce the efficient quantity of a public good
Indicate whether the statement is true or false
What kind of garbage tends to be recycled in the United States?
a. hazardous materials that must be transformed chemically into less dangerous substances b. biodegradable materials c. foodstuffs d. aluminum, paper, and other materials that have high commercial value e. appliances that can be salvaged from dumps and repaired