An auction of 28-day loans was carried out by the Fed through
a. the Term Auction Facility.
b. the discount window.
c. open market operations.
d. reserve requirements.
a. the Term Auction Facility.
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A firm is defined in Economics as
a. a corporation that creates demand for the goods it produces. b. an entity that produces and sells goods that individuals demand. c. an individual or group of individuals providing public services at no charge. d. any group of individuals seeking to increase their income.
A good that is used as a medium of exchange as well as being a consumption good is called
A) a barter money. B) a commodity money. C) a legal tender. D) a debased money.
When using the economic efficiency approach to controlling air and water pollution, the government
a. forces each firm to produce emissions in the most cost efficient manner irrespective of its cost structure b. offers each firm the flexibility to reduce emissions in the most cost effective manner, given its unique cost structure c. offers each firm the option of choosing between the cost minimizing emission level and the profit maximizing emission level d. provides each firm with some fixed rules and then requires them to maximize profits given these fixed rules e. offers each firm the option of using marginal cost pricing and average cost pricing when determining the optimum emissions levels
Each year, the president must submit a budget proposal to Congress by:
a. January. b. April. c. July. d. October.