Which agency lends money to countries to promote their economic development?
A. the World Bank
B. the Federal Reserve
C. the International Monetary Fund
D. the League of Nations
Answer: A
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Evidence from the United States during the period 1973-2002 indicates that the value of the dollar and the measure of the ________ interest rate rose and fell together
A) real B) nominal C) expected D) actual
In the above figure, the profit-maximizing monopolistically competitive firm will
A) make a profit of $24,000. B) make a profit of $30,000. C) make a profit of $0. D) incur a loss of $20,000.
The trend in current tariff laws is to
A. keep tariffs the same. B. raise tariffs on foreign goods. C. abolish tariffs all together. D. lower tariffs on foreign goods.
Mergers are closely scrutinized by the government because
A) they might allow the firms involved to dominate the market and act as a legalized cartel (monopoly). B) they always result in a more efficient market. C) they always result in lower joint profits of the firms involved. D) all mergers are undesirable.