ECONOMICS (CBSE/UGC NET)

ECONOMICS

FEDERAL RESERVE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
For scientists and engineers at NASA or trained economists in the Federal Reserve, what is one reason they have significant power?
A
To eliminate their agencies and bureaucratic positions would require a two-thirds vote in both chambers.
B
They are hired by the president and enjoy the president’s confidence.
C
They have specialized knowledge and expertise in their area of study.
D
Congress cannot change their salaries through law.
Explanation: 

Detailed explanation-1: -The elements include all hardware, software, equipment, facilities, personnel, processes, and procedures needed for this purpose; that is, all things required to produce system-level results. The results include system-level qualities, properties, characteristics, functions, behavior, and performance.

Detailed explanation-2: -NASA’s unique mission provides benefits in big and small ways. Dollars spent for space exploration create jobs, jumpstart businesses, and grow the economy. Our innovations improve daily life, advance medical research, support disaster response, and more. We’re constantly evolving and finding new ways to add value.

Detailed explanation-3: -To tackle our diverse missions, NASA hires 20 different types of engineers; the most common fields are aerospace, general, and computer engineers. And we place an emphasis on engineers who can take a holistic, systems view to solve complex challenges.

Detailed explanation-4: -The James Webb Space Telescope is a large, infrared-optimized space telescope. Webb will probe for the “first light” after the Big Bang and find the first galaxies that formed in the early Universe, connecting the Big Bang to our own Milky Way Galaxy.

There is 1 question to complete.