During the EMS crisis in 1992,

A) all the EMS countries abandoned the system.
B) Germany abandoned the system.
C) England and Italy abandoned the system.
D) France was put in charge of the system.
E) all the EMS countries stood firm, and refused to change central parities.


C

Economics

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The lower the amount of unemployment benefits citizens receive, the

A) higher the wage people must be offered before they accept a job. B) the longer people search for jobs. C) higher the opportunity cost of job search. D) the higher the natural unemployment rate. E) lower the opportunity cost of job search.

Economics

Henry Ford is most recognized for:

a. inventing new technology to further the steel production process. b. developing the first investment banks. c. implementing the first progressive, moving assembly-line system for large, complex final products. d. playing an integral role in developing the first American factory.

Economics

Under a marketable pollution permit system, property rights to an externality are created so that a more efficient allocation of resources will result

a. True b. False Indicate whether the statement is true or false

Economics

This table represents the revenues faced by a monopolist.PriceQuantity SoldTotal RevenueAverage RevenueMarginal Revenue$1,0001$1,000  $9002$1,800  $8003$2,400  $7004$2,800  $6005$3,000  $5006$3,000  $4007$2,800  Using the information in the table shown, the marginal revenue for the 3rd unit is:

A. $800 B. $600 C. $100 D. $500

Economics