Which of the following countries is a member of the Eurozone?
A) Sweden
B) Finland
C) Norway
D) Switzerland
Ans: B) Finland
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An international organization created at the Bretton Woods conference in 1944 that helps coordinate international financial flows and can arrange short-term loans between countries is called the:
A) World Bank. B) International Monetary Fund. C) U.S. Treasury. D) U.S. Agency for International Development.
Macroeconomics is the study of
A) the economic issues which affect individual well-being and individual firms' profit levels. B) the economic issues which affect foreign and domestic prices of related goods and services. C) inflation and poverty at the level of the household. D) the economic issues which affect the nation's total income, employment, and output.
According to the textbook, many people believe that the character Dorothy, in the book The Wonderful Wizard of Oz, represents
A) presidential candidate Barry Goldwater. B) President Abraham Lincoln. C) President William McKinley. D) presidential candidate William Jennings Bryan.
The accompanying figure shows Avery's weekly production possibilities curve for scarves.
For Avery, the opportunity cost of making a red scarf is:
A. decreasing. B. 1 blue scarf. C. increasing. D. zero.