Under the Bretton Woods system, international debts were settled in:
a. gold.
b. U.S. dollars.
c. British pounds.
d. silver.
e. German marks.
b
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A lower price level causes us to
A) move up along the aggregate demand curve. B) move down along the aggregate demand curve. C) shift the aggregate demand curve to the right. D) shift the aggregate demand curve to the left.
What is "adverse selection"?
What will be an ideal response?
An example of moral hazard is
a. people drive less carefully in icy conditions with antilock brakes as without b. people drive as safely with more airbags as without c. football players avoid 'spearing' with their heads even with safer helmets d. people read the medicine warnings as carefully when self-medicating versus with a doctor's prescription
The EEC stands for the
a. European Economic Community b. Enactment of Economic Cooperation c. Enforcement of Efficient Commerce d. Energy Efficient Commitment e. Economic Enforcement Compact