One of the strongest motivations for holding the Bretton Woods Conference was to design new international institutions that would
A) contain communism.
B) help countries avoid the mistakes of the 1920s and 1930s.
C) provide a collective defense security for Western Europe and North America.
D) ensure that world prices were not rising too rapidly.
B
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Which of the following statements is true of models?
A) The predictions of a model are referred to as data. B) A model is formulated after developing a hypothesis. C) Models are always based on assumptions that are known to be true. D) It is more important for a model to be simple and useful than to be precisely accurate.
Describe the criticisms about decision making at the IMF and the World Bank
Which types of policies are thought to reflect bias? What types of costs are not considered? What is the fundamental question critics raise about the operations of the international governmental economic institutions?
The risk-free rate is not:
A. usually approximated by interest rates on U.S. government debt. B. the interest rate at which one would lend if there were no risk of default. C. lower than any other interest rate. D. usually approximated by interest rate on corporation debts.
Price elasticity of demand is a numerical measure of how much quantity demanded rises as price falls or quantity demanded falls as price rises
a. True b. False Indicate whether the statement is true or false