Production by Honda, a Japanese firm, in the United States is included in ________ GDP and production by Nike Corporation, a U.S. firm, in Vietnam is included in ________ GDP
A) U.S.; U.S.
B) Japanese; Vietnamese
C) U.S. and Japanese; U.S. and Vietnamese
D) Japanese; U.S.
E) U.S.; Vietnamese
E
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The member countries under the EMS (European Monetary System) let their currencies float jointly among themselves, but maintained a fixed exchange rate against the rest of the world
Indicate whether the statement is true or false
In order to fight high inflation the Fed should _______; in order to fight high unemployment the Fed should _______.
A. increase the growth rate of the money supply; increase the growth rate of the money supply B. decrease the growth rate of the money supply; increase the growth rate of the money supply C. increase the growth rate of the money supply; decrease the growth rate of the money supply D. decrease the growth rate of the money supply; decrease the growth rate of the money supply
Which of the following is not a basic monetary policy tool used by the Fed?
A. The discount rate. B. Reserve requirements. C. Open-market operations. D. The income tax rate.
The key feature of an oligopoly is that there
A) are many buyers and sellers. B) is one seller. C) exists product differentiation. D) are only a few sellers.