Which of the following activities does the International Monetary Fund engage in?
A. Regulation of large international banks
B. Creation of special drawing rights
C. Provision of financial services to large international banks
D. Promotion of international trade by lowering tariffs and nontariff barriers
Answer: B
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Social Security is used to redistribute income.
A. True B. False C. Uncertain
Suppose that the price of wheat is above its equilibrium price. You would expect to see
A) a shortage on the market that causes prices to increase further. B) an increase in quantity demanded because of the high price. C) a leftward shift of the demand curve because of the high price. D) sellers begin to lower their prices because of the surplus of wheat.
US Exports After staying around 1.35 US dollars per Euro for years, the exchange rate fell below 1.25 US dollars to a euro during the summer of 2014 . What affect does this have US exports to Europe?
The statement "Gross domestic product (GDP) values all output equally" means that:
a. household production is treated the same as production by firms b. depreciation of manufactured capital is treated the same as depletion of natural resources. c. the purchase of pollution control equipment is valued the same as pollution itself. d. leisure time is valued the same as time spent working a job. e. the market price of output is the measure of that output's value.