To display information on two variables, an economist must use
a. a bar graph.
b. a pie chart.
c. the coordinate system.
d. a time-series graph.
c
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The International Monetary Fund plays the key role of
A) providing deposit insurance for banks in its member nations. B) acting as lender of last resort for its member countries' central banks. C) providing loans to member countries to help finance development projects. D) enforcing international monetary agreements.
The equation of exchange can be written as
A. MsV = PY. B. MsP = VY. C. MsY = VP. D. None of these are correct.
Which of the following statements describes a difference between the short run and the long run?
A) The law of diminishing returns is an issue in the long run but not in the short run. B) All resources are fixed in the short run, and all resources are variable in the long run. C) Some resources are fixed in the short run, and all resources are variable in the long run. D) Variable costs are more important for decision making in the short run than in the long run.
Refer to the given information. The financial account items for Zippo are:
The plus items below are "export-type" entries and the minus items are "import-type" entries in the balance of payments for the hypothetical country of Zippo.
A. 1, 2, 3, and 4.
B. 1, 3, 4, 5, 7, and 9.
C. 6 and 8.
D. 1, 2, 4, 7, and 9.