Which of the following professionals is most likely to generate the income of a superstar?
a. the best teacher
b. the best dentist
c. the best guitar player
d. the best airplane pilot
c
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The Bretton Woods system was expected to be more stable than the gold standard because
A) the world supply of gold had increased greatly by the time the Bretton Woods system was established. B) large trade deficits and surpluses would be unlikely to occur under the Bretton Woods system. C) fewer countries were involved in the Bretton Woods system than had been involved in the gold standard. D) the IMF was set up to be a lender of last resort.
The price index was 136 in one year and 142 in the next year. What was the inflation rate between the two years?
a. 1.04 percent b. 4.41 percent c. 6.00 percent d. 42.00 percent
One of the arguments in favor of trade restrictions is the foreign export subsidies argument
Indicate whether the statement is true or false
Which of the following is a determinant of market demand?
A. consumers' expectation of the future relative price of a product B. number of firms that produce the product C. taxes imposed on firms that sell the product D. cost of inputs used to produce the product