The Bretton Woods agreements in 1944
a. established the International Monetary Fund.
b. sanctioned world trade on the gold-exchange system.
c. allowed nations to devalue their currencies under certain conditions.
d. All of the above are correct.
d
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The average propensity to consume is the
A) percentage of total disposable income consumed. B) ratio of changes in planned consumption to changes in real disposable income. C) rate at which real disposable income changes as planned consumption changes. D) slope of the consumption function.
When a seller knows more about the condition of a used car than the buyer does, the information is said to be asymmetric
a. True b. False
Explain the distinction between investment and capital
An organization that provides a public good is:
A. DHL Overnight. B. Federal Express. C. the U.S. Post Office. D. the United Parcel Service.