Which of the following organizations was NOT the result of the Bretton Woods Conference in 1944?
A) the League of Nations
B) the General Agreement on Tariffs and Trade
C) the International Monetary Fund
D) the International Bank for Reconstruction and Development
A
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The marginal rate of substitution represents the maximum amount of one commodity a consumer is willing to give up in exchange for one more unit of another commodity.
Answer the following statement true (T) or false (F)
Refer to the above figure. Profits for this firm are
A) negative. B) zero. C) positive. D) undetermined without more information.
If supply is upward-sloping and demand is downward sloping, what happens to the equilibrium real, risk-free interest rate and quantity of real loanable funds per time period if there is a decrease in government deficits:
a. The real risk-free interest rate rises and the quantity per time period falls. b. The real risk-free interest rate rises and the quantity per time period rises. c. The real risk-free interest rate falls and the quantity per time period falls. d. The real risk-free interest rate falls and the quantity per time period rises. e. The real risk-free interest rate falls and the quantity per time period is uncertain.
Which of the following would NOT be a cause for an increased American demand for the Mexican peso?
A) The United States having lower interest rates than Mexico B) Increased American demand for Mexican goods C) The expectation by speculators that the value of the peso is edging up D) Greater economic growth in the United States