Which organization meets regularly to establish rules and settle disputes related to international trade?
A. The United Nations Commission on Trade Law
B. The United Nations Conference on Trade and Development
C. The World Trade Organization
D. The World Economic Forum
C. The World Trade Organization
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According to the Keynesian view, capitalism
a. is a highly productive form of economic organization that works best when government intervention is least. b. experiences booms and busts because of the instability of private investment that is driven by fickle changes in business optimism. c. experiences booms and busts that are primarily the result of inappropriate monetary policy. d. experiences fluctuations in aggregate demand that cannot be controlled with fiscal policy.
When GDP is measured in "current prices" it is known as the
A) real GDP. B) nominal GDP. C) real GNP. D) nominal GNP.
Current critics of fiat money are urging governments to do what?
A. Move to a system of electronic transactions only. B. Return to a gold standard. C. Place limits on the creation. D. Return to a system of legal tender.
According to the Rule of 70, if a country grows at 2.0 percent per year instead of 1.5 percent per year, how many fewer years will it take to double its level of real GDP?
A) It will take 11.6 years fewer. B) It will take 35 years fewer. C) It will take 58.3 years fewer. D) It will take 20 years fewer. E) It will take 17.9 years fewer.