The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010
A) cut the federal government's ties with Fannie Mae and Freddy Mac.
B) prohibits banks from selling mortgage backed securities, which were largely to blame for the financial market crisis in 2007-2008.
C) eliminated the Federal Deposit Insurance Corporation.
D) had restrictions that try to limit risky investment by banks.
D
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When inflation begins to rise, people can prevent their wealth from deteriorating by doing all of the following except
A) holding more cash. B) converting their cash into foreign currencies. C) spending their cash on goods and services. D) investing in financial instruments such as stocks or precious metals.
If a tariff of $10 has no effect on the world price, the optimal tariff on that product
A) is $10. B) is zero. C) is higher than $10. D) depends upon the amount of government revenue collected.