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Please help me with Economics please!?

Question 6 [04.03]You have an account with Bank of America®. What is your bank’s role in the Federal Reserve? Non-member Depository Institution Federal Open Market Committee Federal Reserve Regional Bank Member Bank Question 7 [04.03]Inflation is low and unemployment is high. The public is demanding action. Within the Federal Reserve, who has the power to act? President of the Federal Reserve Bank of New York Supreme Governor of the Board of Governors Leader of the National Consumers Union Federal Open Market Committee Question 8 [04.03]If Washvac® needed to borrow money, the bank manager would contact the Federal Open Market Committee. Federal Reserve Regional Bank. Board of Governors. Member Bank. Question 9 [04.03]The Federal Reserve includes twelve governing bodies. regional banks. member offices. city officials. Question 10 [04.05]When a government spends more money in one year than it collects in taxes, there is a budget debt. deficit. surplus. reversal. Question 11 [04.05]When a government collects more revenue in one year than it spends, there is a budget debt. deficit. surplus. reversal. Question 12 [04.05]You are a representative to the U.S. Congress. The U.S. federal budget debt grew by one billion dollars each of the last five years. To correct this, you should support the budget that increases spending for health care, education, and defense. decrease spending and/or increase income taxes to eliminate the deficit. decreases corporate taxes in the health industry. decreases income taxes to eliminate the surplus. Question 13 [04.05]Americans that support a balanced budget amendment believe it will stabilize the economy. end American greed. help other countries. end American poverty. Question 14 [04.02]The state legislature asks you to analyze several product markets for natural monopoly qualities. The legislature wishes to regulate one of the products to provide safer, more efficient, and standard quality to its citizens. Which product do you recommend? road sign construction camping facilities automobile sales house cleaning Question 15 [04.02]Which product would be most beneficial for government to regulate? power plant construction computer manufacturing furniture restoration antique dealers Question 16 [04.02]The best reason to regulate road paving is to reduce the cost of materials. hire the most dedicated workers. get the work done as quickly as possible. ensure quality work on all paved roads. Question 17 [04.02]One benefit of regulating a natural monopoly is that consumers have many choices. competition between products improves quality. consumers do not have to research different companies. the government ensures the supplier works safely and efficiently. Question 18 [04.02]As of 2009, an American worker earning minimum wage can provide comfortably for a family of four. fails to earn a “living wage” for a family of four. will lose the job when the economy slows. is able to afford a new car or home. Question 19 [04.02]You are a member of Congress discussing spending to help create new businesses. Unemployment is rising out of control and applications for government assistance are at an all-time high. The public demands immediate action. To address their concerns, you should recommend postponing the issue to see if conditions improve without intervention. keeping spending for small businesses at its current level. decreasing spending on small businesses. increasing spending on small businesses [04.01]The inflation rate is increasing and unemployment is decreasing. The economy is likely in recession. expansion. a peak. a trough Question 23 [04.01]A graph of the business cycle over time most resembles a roller coaster. flat plain. ladder. circle. Question 24 [04.01]Stagflation is a combination of high unemployment and low inflation. high unemployment and high inflation. low unemployment and high inflation. low unemployment and low inflation Question 26 (Multiple Choice Worth 3 points) [04.01]Which stage of the business cycle has the highest inflation rate? expansion peak contraction trough Question 27 [04.05]Which of the following is not a goal of fiscal policy? price stability full employment economic growth increased currency

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Answered By: Aleconomixt - 8/3/2012
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