A multinational organization that aims to promote world economic growth through more financial stability is
A. the Impossible Mission Force.
B. the World Monetary Fund.
C. the International Bank.
D. the International Monetary Fund.
Answer: D
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Economists use the term "demand" to refer to
A. a particular price-quantity combination on a stable demand curve. B. an upsloping line on a graph that relates consumer purchases and product price. C. a schedule of various combinations of market prices and quantities demanded. D. the total amount spent on a particular commodity over a fixed time period.
Profit per unit is the difference between
A) average revenue and average total cost. B) marginal revenue and marginal cost. C) total revenue and total cost. D) average revenue and marginal cost.
Fannie Mae and Freddie Mac:
a. Are government sponsored entities (GSE) b. Have a mandate to develop a secondary market in U.S. mortgages. c. Suffered severe economic losses and are now under conservatorship. d. All of the above.
According to purchasing-power parity, what is the relationship between changes in price levels between two countries and changes in nominal exchange rates?