Japan, Germany, France, Britain, and the United States meet to try to coordinate their economic policies. This informal association is called:
A. the Group of Five.
B. the OECD
C. the IMF.
D. the WTO.
Answer: A
You might also like to view...
A car dealer sells you a car today in exchange for money in the future. This illustrates which function of money?
A) standard of deferred payment B) unit of account C) medium of exchange D) store of value
The low interest rates that prevailed after 1942 made World War II (1941–45) financing problems fundamentally the same as World War I (1914–18)
Indicate whether the statement is true or false
If the nominal interest rate is 7 percent and the rate of inflation is 3 percent, then the real interest rate is
a. 7 percent. b. 4 percent. c. 3 percent. d. 10 percent.
Show graphically and explain the effects of imposition of a quota by a small country under competitive conditions. The quota rights are given away for free to a fixed set of import distributor firms in the country.
What will be an ideal response?