National health care programs are not as effective as they could be because:
A. health care providers tend to have a low absentee rate.
B. public health care clinics often run out of important drugs.
C. doctors rarely diagnose below their knowledge frontier.
D. many doctors in clinics do not have sufficient knowledge to properly diagnose patients.
B. public health care clinics often run out of important drugs.
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When the Fed sells short-term bonds and buys long-term bonds, it is engaging in
A) changing the discount rate. B) forward guidance. C) backward guidance. D) a maturity extension program.
Laborers of which sector work in the tertiary or service sector?
(a) Teachers, doctors, lawyers, nanotechnologists, musicians and athletes (b) Farmers, fisher people and foresters (c) Manufacturers and processors of raw materials (d) All of the above
Producer groups tend to lobby for
A) price floors. B) price ceilings. C) quantity quotas. D) taxes.
Which of the following statements is incorrect?
a. The Federal Reserve Open Market Committee determines fiscal policy actions for the Congress. b. The Board of Governors of the Federal Reserve is appointed, not elected. c. The Federal Reserve System was designed to be independent of the executive branch of the government. d. The chairman of the Board of Governors serves a four-year term. e. The Federal Reserve districts are distributed geographically to serve the particular interests of each region.