The IMF comprises of 50 member countries including all developed countries, and a few countries of Asia and Latin America
a. True
b. False
Indicate whether the statement is true or false
False
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One method of setting price using the cost-plus method is to add
A) a given percentage of marginal cost to marginal cost of production. B) a given percentage of fixed cost to total fixed cost. C) a given percentage of average variable cost to average total cost. D) a given percentage of average total cost to average total cost.
If two indifference curves were to intersect at a point, this would violate the assumption of
A) transitivity. B) completeness. C) Both A and B above. D) None of the above.
As a means of gaining monopoly power, holding companies were preferable to gentlemen's agreements and pooling because
a. holding companies did not have an adverse impact on employment. b. holding companies were able to reduce competition from imported goods. c. holding companies were legal in most states. d. holding companies were not subject to corporate profits taxes.
Real income and money income are the same concept
Indicate whether the statement is true or false