The Bretton Woods agreement was signed at Bretton Woods, New Hampshire, in
A) 1944.
B) 1929.
C) 1970.
D) 1973.
A
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Which of the following is NOT an example of a capital good?
A) a miner's cap B) a GPS tracking device C) a stethoscope D) a U.S. government bond E) an airport kiosk
To decrease buyer power, the firm can
a. Differentiate its product b. Decrease dependency on a single buyer c. Sell its products in locations with multiple buyers d. All of the above
The deadweight loss associated with a tax on a commodity is generated by
a. the consumers who still choose to consume the commodity but pay a higher price that reflects the tax. b. the consumers who choose to not consume the commodity that is taxed. c. all citizens who are able to use services provided by government. d. the consumers who are unable to avoid paying the tax.
An investment is profitable as long as its internal rate of return is equal to the rate of interest
Indicate whether the statement is true or false