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 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.
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.