Author Question: Gains from trade are measured by: a. consumer surplus. b. producer surplus. c. the sum of consumer ... (Read 113 times)

tsand2 · **on:** Jun 30, 2018

Gains from trade are measured by:
a. consumer surplus.
b. producer surplus.
c. the sum of consumer and producer surplus.
d. producer surplus minus consumer surplus.

Question 2

Which of the following is not a limitation to monetary policy?
a. The fact that fiscal policy is sometimes at odds with monetary.
b. The world has become global in all markets including financial markets, and the Fed does not have control over international banks or non-member banks.
c. Because the Federal Reserve System is made up of twelve branches, it is essentially very difficult to get a decision enacted by the Board of Governors.
d. Monetary policy has to be carried out through the commercial banking system.