The funds that nation's have on account at the International Monetary Fund is measured in
A. the currency of the nation that has deposited the funds.
B. a quota subscription.
C. an international unit of accounting called special drawing rights.
D. U.S. dollars.
Answer: C
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Why do oligopoly firms find it difficult to cooperate and not cheat on a cartel agreement?
What will be an ideal response?
Monetarists believe that the major source of macroeconomic instability lies in
A) the private investment sector and the government sector. B) the government sector. C) private corporations and the government sector. D) export and import sector.
As a share of GDP, U.S. spending on education is:
a. comparable to that of other wealthy nations in the OECD b. about 26% higher than the average of wealthy nations in the OECD c. about 26% lower than the average of wealthy nations in the OECD d. rising slowly, but steadily
For every choice a person makes it can be assumed that
A) the chooser has full knowledge of the situation. B) some opportunity cost was involved. C) there is a fifty-fifty chance the choice was the wrong one. D) a good is involved and satisfaction is gained.