The value of the SDR is currently based on the ________.
A) euro
B) U.S. dollar
C) weighted average of four currencies
D) weighted average of six currencies
C) weighted average of four currencies
You might also like to view...
An example of a monopoly based on control of a key resource is
A) Microsoft's Windows operating system. B) Major League Baseball. C) NASA. D) the U.S. Food and Drug Administration.
If the CPI is currently 202, what does this tell you about inflation between last year and this year?
A) Inflation in the economy between this year and last year was 2%. B) There was deflation in the economy between this year and last year. C) The CPI measures only the level of prices in a given year, not the percentage change in prices from one year to the next. D) Inflation in the economy between this year and last year was 102%.
For which of the following types of goods would demand be most price-elastic?
a. necessities b. goods with many substitutes c. goods that require only a small portion of the buyer's budget d. goods with vertical demand curves e. goods with vertical supply curves
Those who do not favor programs aimed at reducing inequality argue that these programs:
A. reduce people's incentive to work hard. B. increase the crime rates. C. prevent the economy from reaching equilibrium in the labor market. D. penalize people who are unable to work through no fault of their own.