Which of the following is an international financial institution concerned primarily with monetary issues and international financial arrangements?
A. International Monetary Fund
B. Group of Seven
C. Group of Five
D. European Union
Answer: A
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The Wagner Act of 1935
a. prevents unions from acting as cartels. b. allows workers joining a unionized firm to choose not to join the union. c. prevents employers from interfering when workers try to organize a union. d. prevents firms from hiring permanent replacements for workers who are on strike.
Refer to Scenario 9.8 below to answer the question(s) that follow. SCENARIO 9.8: Investors put up $1,040,000 to construct a building and purchase all equipment for a new gourmet cupcake bakery. The investors expect to earn a minimum return of 10 per cent on their investment. The bakery is open 52 weeks per year and sells 900 cupcakes per week. The fixed costs are spread over the 52 weeks (i.e. prorated weekly). Included in the fixed costs is the 10% return to the investors and $2,000 in other fixed costs. Variable costs include $2,000 in weekly wages, and $600 per week in materials, electricity, etc. The bakery charges $8 on average per cupcake.Refer to Scenario 9.8. The normal return to the investors on a weekly basis is
A. $600. B. $1,000. C. $2,000. D. $4,500.
What would an economist point to explain why there are no large farms within Detroit city limits?
A) The cultural characteristics of the typical Detroit citizen B) The political power of the automobile industry in Detroit C) The residential and commercial demand for real estate in Detroit D) None of the above.
Suppose the price and quantity of steel fell at the same time. What might be the likelyexplanation of this using supply and demand analysis?
What will be an ideal response?