Reference no: EM133535723
Question
1. What is a main responsibility of the Federal Reserve?
regulating the amount of money in circulation
collecting tax revenues for the government
enacting tariffs and other trade restrictions
supervising the International Monetary Fund
2. Which idea is CONSISTENT with KEYNESIAN economics?
lowering taxes so private businesses can afford to make more goods
lowering taxes so private businesses can afford to hire more workers
government spending to stimulate the economy by increasing demand
lowering taxes so private businesses will have more money to invest
3. What is a BENEFIT of globalization?
Offshoring of jobs guarantees the safety and protection of workers.
Tariffs generate more revenue for the government.
Free trade provides more markets for manufacturers' goods.
Businesses are more likely to keep manufacturing jobs in their own countries.
4. How do tariffs protect native industries from foreign competition?
They increase prices of imports, so people are more likely to buy domestic goods.
They open foreign markets for goods that businesses produce.
They make it illegal for multinational corporations to offshore manufacturing jobs.
They allow the government to give financial aid to private businesses.
5. Which of these is an agreement among countries, rather than an intergovernmental organization (IGO)?
the International Monetary Fund
the World Bank
the World Trade Organization
United States-Mexico-Canada Agreement