Which of the following does not represent real GDP?
A) GDP in current dollars
B) GDP in terms of goods
C) GDP in base year dollars
D) GDP in constant dollars
A
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Although open market operations and discount loans both change the monetary base, the Fed has
A) greater control over open market operations than over discount loans. B) greater control over discount loans than over open market operations. C) very little control over either discount loans or open market operations. D) complete control over both discount loans and open market operations.
Much of the responsibility for implementing and enforcing equal employment opportunity has been taken over by individuals and the courts
Indicate whether the statement is true or false
When a foreign company engages in riskier behavior after it has received international investment funds, it is known as
A) portfolio investment. B) moral hazard. C) foreign direct investment. D) adverse selection.
Which of the following is NOT a commitment device?
A. A pre-nuptial agreement that provides for a large penalty in the event a spouse has an affair. B. A non-refundable advance payment to reserve a room at a resort. C. High fines for illegal parking on campus. D. A manufacturer's 2-year agreement to fix, at no cost to you, anything that breaks on your computer.