While the Brady Plan did not end the debt crisis, it was a significant step toward greater stability in the Latin American region
Indicate whether the statement is true or false
TRUE
You might also like to view...
Individuals derive utility from picnics, p, and kayak trips, k. Assuming that an individual's utility is U(p,k) = k0.5p0.5 and income is $100, what is the marginal rate of substitution (MRS) between picnics and kayak trips?
A) MRS = 1. B) MRS = -1. C) MRS = - D) There is no substitution because picnics and kayak trips are perfect complements.
The oversimplified money multiplier formula, when the required reserve ratio is m, is
a. change in money supply = change in reserves × m. b. change in money supply = (1/m) /change in reserves. c. change in money supply = (1/m) × change in reserves. d. change in money supply = m/change in reserves.
When businesses cooperate and agree to hold prices high, it is called ________, and when they reach a noncooperative equilibrium it is called ________.
A. commitment strategy; collusion B. collusion; commitment strategy C. collusion; competition D. competition; collusion
If as the variable on the Y-axis rises the variable on the X-axis rises, the relationship between X and Y is said to be a positive relationship.
Answer the following statement true (T) or false (F)