During what period of time was the gold standard used?
A) from the nineteenth century until the 1930s
B) from the eighteenth century until the nineteenth century
C) from 1914 until 1929
D) from 1944 until 1980
Ans: A) from the nineteenth century until the 1930s
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Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. B; C C. B; A D. D; B
If you were to ask your employer for a raise, which of the following would be your most effective argument?
A) "My marginal product is greater than my current wage." B) "I am willing to work more hours each week." C) "Increases in my productivity have resulted in greater revenue and profits for your business." D) "I have a job offer at another firm that will pay me more than my current wage."
A system of accounts that measures the transactions of goods, services, income, and financial assets between domestic households, businesses, and governments and residents of the rest of the world during a specific time period is the
A) capital account. B) current account. C) balance of payments. D) balance of trade.
In a firm organized along functional lines, employee performance
a. Is easily evaluated because supervisor and employee have similar skills b. Is more difficult to evaluate because the supervisor and the employee could have different skills c. Does not need to be evaluated d. None of the above