To Administer the Troubled Asset Relief Program,Congress Created a New

question 17

Multiple Choice

To administer the Troubled Asset Relief Program,Congress created a new agency in the Treasury Department known as the:

• A) Office of the Comptroller of the Currency.
• B) Office of Financial Stability.
• C) Office of Financial Institutions.
• D) Office of Government Financial Policy.

---

Definitions:

Absolute Advantage

The ability of a country, individual, company or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.

Comparative Advantage

The skill of an entity, whether a person, corporation, or country, to create a product or service with smaller opportunity costs than its competition.

Absolute Advantage

Absolute advantage is the ability of a country or entity to produce a good or service more efficiently than others, using fewer resources.

Trade

The exchange of goods or services between individuals, businesses, or countries.