The agreement that established a system of fixed exchange rates immediately following World War II is known as the:
a. IMF agreement
b. World Bank agreement.
c. Bretton Woods agreement.
d. none of the above.
c
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Social Security tax is deducted from your paycheck. In the figure above, this will be shown as
A) taxes flowing from households to firms. B) taxes flowing from households to governments. C) wages flowing from firms to governments. D) wages flowing from firms to households. E) taxes flowing from firms to governments.
In the above figure, the economy initially is at point C. Then the domestic price level rises by 10. A
A) substitution effect would help move the economy to point D. B) substitution effect would help move the economy to point B. C) substitution effect would keep the economy at point C. D) wealth effect would help move the economy to point B.
With positive net exports, a nation is a net ________, and thus has a ________ "net foreign investment."
A) seller of assets to foreigners, positive B) seller of assets to foreigners, negative C) buyer of foreign assets, positive D) buyer of foreign assets, negative
Which of the following is not a true statement concerning infant mortality in the United States?
a. Low birth weight infants have a better chance of survival in the U.S. than either Japan or Norway. b. International comparisons of infant mortality rates are difficult to interpret due to different definitions of infant death. c. Teenage pregnancy and illegitimacy are highly correlated with infant mortality. d. Infant mortality rates are among the lowest in the developed world. e. A primary cause of infant mortality is low birth weight.