The International Monetary Fund was created to facilitate the borrowing and lending of dollar reserves to central banks of the countries participating in the Bretton Wood System
Indicate whether the statement is true or false
TRUE
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Which statement is true?
A. There was a great deal of stagflation in the 1970s. B. We had the worst recession since World War II in the late 2000s. C. We have had twelve recessions since January, 1945. D. All of the choices are true.
When a third string NFL quarterback earns more than a police officer, society answers the ________ question
A) for whom B) what C) how D) why E) social interest vs. self-interest
If a perfectly competitive firm is producing 3,000 units and, at the 3,000th unit, the difference between marginal revenue and marginal cost (MR - MC) is zero, which of the following is true?
A) The firm should exactly double production to maximize profit. B) The firm should increase production to maximize profit. C) The firm should decrease production to maximize profit. D) The firm is maximizing profit.
The accumulated knowledge, skills, and expertise that the average worker in an economy possesses is called:
a. human capital. b. knowledge capital. c. technical capital. d. working capital.