Which of the following is a common resource?
a. a tornado siren
b. fish raised on a farm
c. timber in a public forest
d. a traffic light
c
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Price ceilings sometimes result in some buyers and sellers purchasing the good at prohibited prices
Indicate whether the statement is true or false
Under the Bretton Woods agreement, the officially determined value of a country's currency is referred to as its
A. par value. B. value-to-weight ratio. C. GDP. D. exchange rate.
Which of the following policies, in effect, destroyed China's central governmental institutions
a. the great leap b. the cultural revolution c. the Deng reform d. the land reform e. all of the above
Two methods used to adjust nominal values for inflation are:
A. indexing and deflating. B. aggregating and disaggregating. C. real and nominal. D. substituting and complementing.