Which one of the following statements is the MOST accurate? By the year 1932, the United States
A) and Canada alone held more than 70 percent of the world's monetary gold.
B) and Germany alone held more than 70 percent of the world's monetary gold.
C) and Britain alone held more than 70 percent of the world's monetary gold.
D) Britain, and France alone held more than 70 percent of the world's monetary gold.
E) and France alone held more than 70 percent of the world's monetary gold.
E
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In the figure above, with the tariff American consumers ________ million shirts per year
A) 40 B) 48 C) 32 D) 16
Refer to Figure 11-13. The lines shown in the diagram are isocost lines. If the price of labor is $50 per unit, what is the price of capital along the isocost CE?
A) $400 per unit B) $100 per unit C) $25 per unit D) insufficient information to answer question
The Coase theorem states that if pollution permits are tradable, the outcome will be optimal, _____
a. regardless of who initially gets the permits b. only if the property rights are assigned to the victims of pollution c. only if property rights are determined by the government d. only if the property rights are assigned to the party with the least-cost alternative
Globalization was much more pervasive in the 1800s than it is today.
Answer the following statement true (T) or false (F)