Assets that the IMF created to be used by countries to settle international payment obligations are called
A) capital intervention accounts.
B) foreign currency reserves.
C) gold reserves.
D) special drawing rights.
D
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The rise in average living standards experienced by most industrialized countries:
A. was more rapid before 1870 than after 1870. B. has been continuous over the course of human history. C. has resulted primarily from an increase in population worldwide. D. has been more rapid since 1950 than before 1950.
At an output level above the profit-maximizing level, for a perfectly competitive firm, a reduction in output will:
a. reduce total revenue more than total cost. b. reduce total cost more than total revenue. c. increase total revenue more than total cost. d. increase total cost more than total revenue. e. decrease total revenue and total cost by the same amount.
How much is this firm's total loss?
A merger of a firm and its supplier is called
A. a vertical merger. B. a horizontal merger. C. a conglomerate merger. D. a direct merger.