The Bretton Woods system lasted from
A) 1801 to 1861.
B) 1863 to 1914.
C) 1945 to 1971.
D) 1981 to 1993.
C
You might also like to view...
Suppose the government launches a successful advertising campaign that convinces workers with high school degrees to quit their jobs and become full time college students. This would cause
A) the unemployment rate to decrease. B) the number of discouraged workers to increase. C) no change in the unemployment rate. D) the labor force participation rate to decrease.
According to the text, everyone shouts at a party in order to be heard. If instead everyone spoke at a normal volume people would still be heard, but people continue to shout because:
A. shouting can be sustained using a tit-for-tat strategy. B. shouting is a dominated strategy. C. the payoff matrix is unknown to the people at a party. D. shouting is a dominant strategy.
Under the total revenue and total cost approach to profit maximization,
a. firms equate total variable cost to total revenue in order to maximize profit b. profit is maximized when fixed cost falls to zero c. firms choose the level of output at which total revenue is the greatest distance above total cost when the firm earns an economic profit d. firms choose the level of output at which the changes in revenue and cost both equal zero e. total revenue is maximized when profit is zero
When Adam's income increases, he purchases more tickets to Broadway musicals than he did before his income increased. For Adam, Broadway musicals are a(n)
a. normal good. b. inferior good that is not a Giffen good. c. Giffen good. d. optimal good.