Which tool of monetary policy is most likely being described by each of the following statements?
a. it’s the major way the federal reserve system enacts monetary policy.
b. this tool is good for emergency situations that require major, large-scale action.
c. this tool goes through the federal reserve’s role as lender of last resort.
d. this tool is best for everyday monetary policy.
e. a major disadvantage of this tool is that it requires that banks want to borrow from the fed.
f. even if they aren’t interested in buying, selling, or borrowing from the fed, changes in this tool may inconvenience bank managers.

Arguments made against free trade include all of the following exceptdumping is an unfair trade practice that puts domestic producers of substitute goods at a disadvantage that they should be protected against.national defense considerations justify producing certain goods domestically whether the country has a comparative advantage in their production or not.free trade is inflationary and should be restricted in the domestic interest. if foreign governments subsidize their exports, foreign firms that export are given an unfair advantage that domestic producers should be protected against.infant industries should be protected from free trade so that they may have time to develop and compete on an even basis with older, more established foreign industries.