The U.S. dollar currently serves as the "unit of account" of major global products
Indicate whether the statement is true or false
True
Economics
You might also like to view...
An economy operating its plant and equipment at full capacity implies a capacity utilization rate of
A. 40 percent. B. 70 percent. C. 85 percent. D. 100 percent.
Economics
The potential level of real GDP is the level of output a society can achieve when labor is employed at its natural level.
a. true b. false
Economics
Which of the following is NOT a necessary condition for price discrimination?
A. downward sloping demand curve B. preventing resale of the product C. separating markets for the good D. having a constant marginal cost
Economics
Gross domestic product measured in terms of the prices of a fixed, or base, year is
A. current GDP. B. nominal GDP. C. base GDP. D. real GDP.
Economics