Economy: Questions Essay

Answer individually question fully. Complete sentences are not necessary.Lesson 1 (3.0 points)1. What are the three tools the Fed uses to keep the preservation stable? (1.0 points)1. fund rate2. discount rate3. reserve requirement ratio2. What is a time out? (0.5 points)a period of temporary economic decline during which trade and industrial activity are reduced, mainly identified by a fall in GDP in two successive quarters.3. What is home(prenominal) commerce? (0.5 points)Domestic commerce refers to the buying and selling of products within a particular bucolic.4. What is Congress? (0.5 points)the subject area legislative body of a country.5. What is monetary policy? (0.5 points)Monetary policy is the decisions a government makes to swear the supply of money, availability of money, and value of money.Lesson 2 (3.0 points)1. What is antitrust law? (0.5 points)antitrust law, which forbids agreements among competitors to fix prices or resist fair competition2. What is globaliz ation? (0.5 points)Globalization is the trend toward local, regional, or national economies becoming connected finished communication, business, and trade.3. What is free trade? (0.5 points)A free trade zone (FTZ) is a specific class of peculiar(a) economic zone. They are a geographic area where goods may be landed, handled, manufactured or reconfigured, and reexported without the incumbrance of the customs authorities.4. What is exchange rate risk? (0.5 points)Exchange rate risk is the risk that investors and business mint have when converting their money to a foreign currency to invest or do business.5. What is a countrys trade balance? (0.5 points)A countrys trade balance is a affinity of its imports to exports.6. What is an exchange rate? (0.5 points)The exchange rate tells you how much one unit of currency is worth when converted to another currency.