The Bretton Woods agreements were ended when the
a. European Common Market was formed.
b. OPEC countries raised the price of oil.
c. United States was forced to devalue its currency.
d. United States recognized Red China.
c
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The ability-to-pay philosophy of taxation argues for a progressive form of taxation
a. True b. False Indicate whether the statement is true or false
Market prices
A) are limited in their information content. B) contain all available information. C) contain only past information. D) none of these choices.
Income generated by a nation's domestic production
a. is less than its domestic production. b. is equal to its domestic production. c. is greater than its domestic production. d. could be less than, equal to, or greater than its domestic production.
The Industrial Revolution and modern economic growth resulted in:
A. the average human lifespan more than doubling. B. a major population shift from urban to rural areas. C. increased production by local craftsmen. D. all of these.