QE3 followed QE2 and Operation Twist. Which of the following best explains how QE3 differed from the other two in order to make it more effective?
A. QE3 promised a much larger expansion of reserves.
B. QE3 gave a much stronger forward commitment as to when the policy would be complete.
C. QE3 carried much more force in getting banks to lend reserves.
D. QE3's completion was tied to economic objectives, rather than specific dates.
D. QE3's completion was tied to economic objectives, rather than specific dates.
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An agreement that gives one party the right to buy or sell from or to another part a specified quantity of currency at a specified price would be include in which of the following.
A) an option B) a spot contract C) a forward contract D) a swap
Why is the PPF bowed out in the HeckscherOhlin model?
A. Capital is specific to the production of one good. B. Labor is specific to the production of the other good. C. There are increasing opportunity costs of producing each good. D. Labor is not perfectly mobile between the production of the two goods.