Nontariff barriers to trade are less transparent than tariffs
Indicate whether the statement is true or false
TRUE
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The Fed can attempt to increase the federal funds rate by
A) selling government bonds, which increases the money supply. B) selling government bonds, which decreases the money supply. C) buying government bonds, which increases the money supply. D) buying government bonds, which decreases the money supply.
Professor Parallax chooses two students in his economics class, Jasmine and Cassandra, to participate in the ultimatum game. He chooses Jasmine to be the allocator and Cassandra to be the recipient
He gives Jasmine $50 and as the allocator, she gets to decide how to split the money with Cassandra. If Cassandra decides to accept the amount allocated to her by Jasmine, both students get to keep the money. If Cassandra decides to reject her allocation, neither student gets to keep the money. How much will each student end up with if each student acts as if fairness is important? How much will each student end up with if only Cassandra acts as if fairness is important? How much will each student end up with if neither student cares about fairness?
The first major international trade agreement following World War II was the North American Free Trade Agreement (NAFTA).
Answer the following statement true (T) or false (F)
In general, monetary policy has a ________ response lag than fiscal policy and a ________ implementation lag.
A. longer; shorter B. shorter; shorter C. longer; longer D. shorter; longer