Special drawing rights (SDRs) are
A) a reserve asset created by the International Monetary Fund that countries can use to settle international payment obligations.
B) a liability payment from a branch bank to a nation's central bank.
C) a country's surpluses in their fiscal budgets.
D) exchanges of gold between nations.
A
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The voting members of the Federal Open Market Committee are
A) all of the members of the Board of Governors and five of the presidents of the 12 Federal Reserve banks. B) only the members of the Board of Governors. C) the presidents of the 12 Federal Reserve banks and three members of the Board of Governors. D) all of the members of the Board of Governors and all of the presidents of the 12 Federal Reserve banks.
Peter was recently hired as a salesman for a national consulting firm. His job involves spending a significant portion of his time out of the office visiting prospects and attending conferences. Which of the following is a strategy the consulting firm may employ to discourage Peter from shirking his responsibilities?
a. Tell Peter that the shareholders want to earn a large profit this year. b. Stop paying Peter bonuses based on how much he's sold. c. Allow Peter to set his own schedule and work from home frequently. d. Pay Peter an above-equilibrium wage.
Identify the correct statement
a. When there are diminishing but positive returns the total product curve is falling. b. When there are diminishing but positive returns the total product curve is rising, at an increasing rate. c. When there are negative marginal returns, the total product curve is declining, but not necessarily negative. d. When there are negative marginal returns, the total product curve is rising.
Diminishing returns set in with the _____ worker.
