Economy: Questions Essay

Answer each nous fully. Complete sentences argon not necessary.Lesson 1 (3.0 points)1. What atomic number 18 the three tools the ply uses to keep the economy stable? (1.0 points)1. fund swan2. discount drift3. reserve requirement ratio2. What is a recession? (0.5 points)a stream of temporary economic decline during which tidy sum and industrial activity are reduced, generally identified by a fall in gross domestic product in two successive quarters.3. What is domestic mercantilism? (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 content legislative body of a country.5. What is monetary insurance policy? (0.5 points)Monetary policy is the decisions a government makes to control 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 prevent joi n competition2. What is globalization? (0.5 points)Globalization is the trend toward local, regional, or national economies comme il faut connected through communication, business, and traffic.3. What is free trade? (0.5 points)A free trade zone (FTZ) is a specific class of special economic zone. They are a geographic area where goods may be landed, handled, manufactured or reconfigured, and reexported without the intervention of the customs authorities.4. What is exchange prescribe risk? (0.5 points)Exchange rate risk is the risk that investors and business people 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 comparison 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 some other currency.