The international unit of accounting used by the International Monetary Fund (IMF) is called
A. special drawing rights.
B. the IMF dollar.
C. the quota subscription.
D. the Eurodollar.
Answer: A
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Differentiate between a pure strategy and a mixed strategy
What will be an ideal response?
When majority rule voting is used to determine whether to purchase a public good,
A) the efficient outcome is not assured. B) the median voter gets her way. C) the sum of the marginal benefits is ignored. D) All of the above.
The more bowed out the Lorenz curve, the
A) less equal the income distribution. B) more equal the income distribution. C) greater the overall wealth in the economy. D) less the overall wealth in the economy.
If you believe that the inflation rate is likely to be high over the next ten years, you would want to
a. have a pension with raises indexed to the CPI if you were going to be retiring b. obtain a variable rate mortgage c. not obtain any fixed rate consumer loans d. pay off all of your existing fixed rate loans e. be a shareholder of a bank because their profits are going to increase dramatically