Is there evidence that the Federal Reserve has built itself into an inefficient bureaucracy?
What will be an ideal response?
The evidence suggests that the Fed's budget often rises more than overall inflation, so the Fed's real expenditures have increased over time. Moreover, to protect itself from political pressure, the Fed also has established a large constituency of bankers and other financial market participants who support the Fed.
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NAFTA creates a free trade area, as opposed to a customs union or a common market, due to the fact that:
A) the agreement does not leave the door open for discretionary protectionism. B) the governments of all three nations decided to eliminate tariffs. C) the issue of illegal immigration from Mexico to the United States is resolved. D) restrictions are imposed on the use of goods, services, and investments. E) restrictions are imposed on labor movements among members.
Which of the following is an advantage of freestanding locations?
A. Light pedestrian traffic B. Unlimited trade area C. High pedestrian traffic D. High vehicular traffic E. Less expensive compared to shopping centers
Which of the following nations is not an original member of the European Free Trade Association (EFTA)?
A) Finland B) Sweden C) Norway D) Scotland
Which of the following can be negotiable?
a. A promissory note that states, "Pay to Floyd Burchett $3000 on September 1, 2015." b. A check written on the standard check form that does not state the date it was issued. c. A promissory note from Farmer Douglas to Hainey Seeds, Inc. promising to pay for the seed purchased in the spring with bushels of grain harvested in the fall. d. An oral promise to pay to the order of Justin $500 on demand.