The ________ was created as a part of the Bretton Woods agreement.
A. Federal Reserve Bank
B. International Monetary Fund
C. Bureau de Change
D. World Bank
Answer: B
You might also like to view...
The AD curve slopes
A) downward due to the wealth and price effects. B) downward due to the wealth and substitution effects. C) upward due to the price and substitution effects. D) upward due to the wealth and substitution effects.
Assume a perfectly competitive firm is producing a level of output at which MR < MC. What will happen as the firm moves to its profit-maximizing equilibrium?
A) Marginal revenue will rise. B) Marginal revenue will fall. C) Marginal cost will rise. D) Marginal cost will fall.
If the legal minimum wage rate is set at $1/hour instead of at the equilibrium rate,
A. employment for inexperienced and marginal workers will tend to fall. B. employment of inexperienced and marginal workers will tend to rise. C. employment of inexperienced and marginal workers will not be affected. D. there is no way to determine how the employment of inexperienced and marginal workers would be affected.
A standard efficiency wage model pays workers higher wages in order to increase worker efficiency. As a result, firm profits increase and there is a pool of involuntarily unemployed workers. This equilibrium comes about in part because
A. workers are unaware of the pool of unemployed workers as long as they keep their job. B. workers will do anything to be paid a higher wage. C. workers are less likely to shirk when there is a pool of unemployed workers who are willing to take their job. D. the firm agrees to not replace labor with capital. E. the firm pays workers according to a tournament.