Reference no: EM131167176
1. The budget of an economy is said to be in deficit when
A. anticipated inflation rate exceeds its actual rate
B. federal revenues exceed outlays.
C. there is a loss of value of a country's currency with respect to one or more foreign reference currencies
D. federal outlays exceed revenues
2. The reserve ratio is the ratio of
A. Federal Reserve member banks to all U.S. banks
B. Federal Reserve member banks to nonmember banks
C. a bank's reserves to its total deposits
D. a bank's total deposits to its reserves
3. The members of the Board of Governors of the Fed are
A. chosen by the state governors
B. appointed by the president with the approval of the Senate
C. all replaced after each Presidential election
D. elected for seven-year terms
4. The actions of the Fed
A. must be approved by Congress alone
B. must be approved by the president and CongresS
C. are not subject to approval by any branch of government
D. must be approved by the president alone.
|
Extreme inequality in the distribution of education
: In most developing countries, the empirical studies show that there is extreme inequality in the distribution of education. A small section of the population is very highly educated and the majority of the population has practically no education at a..
|
|
Economy in determining the shape of human socciety
: Describe the social and political of karl Marx what was marx view of history ? how important was the economy in determining the shape of human socciety? how did human society change overtime ? summarize marx view on capitalism outlining both its posi..
|
|
Foreign subsidiary in poor nation
: A visiting American executive finds that a foreign subsidiary in a poor nation has hired a 12-year-old girl to work on a factory floor, in violation of the company's prohibition on child labor. He tells the local manager to replace the child and tell..
|
|
Appeared that the affordable healthcare act
: When it appeared that the Affordable Healthcare Act was going to become a reality, various media outlets offered several predictions regarding how this was going to impact temporary workers. Now that the Affordable Healthcare Act has been through the..
|
|
The members of the board of governors of the fed
: The budget of an economy is said to be in deficit when. The members of the Board of Governors of the Fed are. The reserve ratio is the ratio of
|
|
Comparative advantage-absolute advantage in producing good
: Ricardian Model. Consider two countries: A and B. Labour is the only factor of production for goods X and Y. Consider the following matrix of unit labour requirements. X Y Labor Endowments Country A aLx = 15 aLy = 3 60 Country B aLx* = 6 aLy* = 2 60...
|
|
What is the fiduciary duty of loyalty
: What is the fiduciary duty of loyalty? Did Gaffney act ethically in this case? Did Gaffney and his partners breach their fiduciary duty of loyalty?
|
|
Specific factors model
: (Specific Factors Model) Canada can produce two goods (TV’s and Lumber) using labour which is mobile between the two sectors. In addition, capital is specific to producing TV’s and land is specific to producing Lumber. Draw a PPF for Canada. Put TV’s..
|
|
Price ratio was between the autarky price ratios
: In class we worked through the trade example where Home had a comparative advantage in cheese (alc /alw
|