Which of the following statements is TRUE?
A) All nations that belong to the International Monetary Fund have equal voting power.
B) The voting power of a nation in the International Monetary Fund is determined by its quota subscription.
C) The voting power of a nation in the International Monetary Fund is called special drawing rights.
D) The voting procedure in the International Fund is determined by the World Bank.
B
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Eric is maximizing his total utility through his choices of two goods: clothes and food. His marginal utility of clothes is 60 and his marginal utility of food is 12 . The price of clothes is $20 . What must be the price of food?
a. 12. b. 6. c. 4. d. 1. e. 0.
Firms maximize profits when marginal revenue equals marginal cost
Indicate whether the statement is true or false
Which of the following is true of labor unions? a. They allow employees to participate in internal decision making. b. They can increase the amount of labor demanded by firms. c. They help to reduce wage differentials among co-workers
d. They can raise the wage above the market equilibrium level.
The most popular definition of "profit" is
What will be an ideal response?