International policy coordination refers to
A) central banks in major nations acting without regard to the global consequences of their policies.
B) central banks in major nations pursuing only domestic objectives.
C) central banks adopting policies in pursuit of joint objectives.
D) central banks all adopting identical policies.
C
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Briefly discuss the main advantage of the bimetallic standard over the gold standard
What will be an ideal response?
If the expansion of output in an industry leads to unchanged resource prices, the industry is most likely to be a(n):
a. decreasing cost industry. b. increasing cost industry. c. constant cost industry. d. industry characterized by economies of scale.
In order for a price ceiling to "bind," it:
A. must be set below the equilibrium price, and will likely cause a surplus. B. must be set above the equilibrium price, and will likely cause a surplus. C. must be set above the equilibrium price, and will likely cause a shortage. D. must be set below the equilibrium price, and will likely cause a shortage.
Refer to the below table. How many units of labor will this firm hire to maximize its profits?
A. 10
B. 11
C. 12
D. 13