If a nation is going to benefit fully from technological advances and entrepreneurial ideas, it must
a. be relatively easy for persons from diverse backgrounds to try out their ideas at a relatively low cost.
b. have a mechanism that will bring unsound projects to a halt.
c. have a central investment authority that will review projects and decide which should be undertaken.
d. be both a and b.
D
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If the Fed wants to increase the federal funds rate, it will conduct an open market operation in which it ________ government securities and thereby shifts the ________ curve ________
A) sells; RD; leftward B) sells; RS; rightward C) sells; RS; leftward D) buys; RD; rightward E) buys; RS; leftward The figure above shows the market for reserves.
Refer to Figure 3.4. The odds of Serena and Austin meeting randomly to view the sunset are
A) 0%. B) 25%. C) 50%. D) 100%.