Refer to the figure above. When the demand curve for gas is D1 and the supply curve for gas is S, the equilibrium price is:
A) $3.
B) $5.
C) $6.
D) $8.
B
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The newest fixed exchange rate system is the
A) European Monetary System. B) euro in the European Union countries. C) Bretton Woods system. D) gold standard.
Which of the following agencies has established standardized accounting principles for reporting corporate earnings?
A) The Securities and Exchange Commission B) The Federal Trade Commission C) The National Accounting Board D) The Fair Reporting Commission
Typically in countries with lower levels of real GDP person, a smaller percentage of the population is literate
a. True b. False Indicate whether the statement is true or false
During an economic expansion, income ________, unemployment benefits ________ and the budget deficit ________.
A. rises; fall; rises B. rises; rise; falls C. falls; rise; rises D. rises; fall; falls