Special drawing rights are
A. international units of account held by the International Monetary Fund for member countries.
B. the estimated level of oil reserves remaining in OPEC countries.
C. credit accounts held by individual stockholders with portfolio investments in other countries.
D. the reserves held by members of the European Union to back their accounts with the European Central Bank.
Answer: A
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Which of the following is a monetary policy intended to rein in inflation?
A. Raising the interest rates to increase investment spending B. Decreasing the money supply to shift the aggregate demand curve leftward C. Reducing interest rates to increase investment spending D. Increasing the money supply to shift the aggregate demand curve rightward
Both indentured servants and slaves had rights in courts of law
Indicate whether the statement is true or false
Given the information in Scenario 4.3, erasers are:
A) a normal good. B) an inferior good. C) neither normal nor inferior. D) complements. E) necessities.
Ginger and Maryann are lost in the jungle, where the only things to eat are mangoes and fish. Ginger can gather more mangoes per hour than Maryann and can also catch more fish per hour than can Maryann. Therefore:
A. Maryann should specialize in the activity for which she has a comparative advantage. B. Ginger should specialize in the activity for which she has an absolute advantage. C. there are no gains to specialization and trade for Maryann. D. there are no gains to specialization and trade for Ginger.