The group that sets the Federal Reserve System's policy on buying and selling government securities (bills, notes, and bonds) is the:
A. Federal Deposit Insurance Corporation (FDIC).
B. Federal Bond Sale Authority.
C. Council of Economic Advisers.
D. Federal Open Market Committee (FOMC).
D. Federal Open Market Committee (FOMC).
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Which of the following is an example of an extrinsic reward?
a. raise b. self-esteem c. praise d. personal development
Japan's protection of its semiconductor (RAM) producers is today seen as an object lesson in
A) how strategic planning may backfire and cause a large waste of resources. B) how externalities may be successfully exploited by protectionist policies. C) how excess returns may be successfully exploited by protectionist policies. D) how government intervention may create a meaningful comparative advantage. E) how monopolies can outlast government intervention.