All of the following are part of the global financial system EXCEPT the ________.
A) New York Stock Exchange
B) World Trade Organization
C) International Monetary Fund
D) Bank for International Settlements
B) World Trade Organization
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Long Beach Island, off the coast of New Jersey, is considering building a sand barrier to protect the houses on the island from future hurricanes. For residents of Long Beach Island, this barrier system would be a
A) private good. B) natural monopoly. C) common resource. D) public good.
Reasons for holding Eurodollars include
A) the fact that Eurodollar deposits are insured by the FDIC. B) the fact that dollars are widely used to conduct international transactions. C) the fact that minimum transaction sizes are very low, making Eurodollars an attractive savings instrument for consumers. D) the fact that Eurodollar deposits are heavily regulated.
Productivity, or output per labor hour, rises as transportation costs fall
Indicate whether the statement is true or false
Very Technical is a firm that sells computing equipment. It costs Very Technical $100 for each order of computer monitors and the variable cost of placing an order is $4 per monitor. Very Technical pays an annual holding cost of $10 per monitor. If Very Technical sells 6,000 computer monitors a year and they order 500 monitors, what is the total annual cost of the monitors?
A) $27,700 B) $21,500 C) $32,800 D) $35,700