The International Monetary Fund (IMF) was created as a part of the
A. gold standard.
B. managed floating system.
C. Bretton Woods agreement.
D. free-float arrangement.
Answer: C
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The economic profit of a perfectly competitive firm
A) is less than its total revenue. B) equals its total revenue. C) is greater than its total revenue. D) is less than its total revenue if its supply curve is inelastic and is greater than its total revenue if its supply curve is elastic.
The above figure shows the marginal benefit and marginal cost curves for a public good. The quantity that has the best prospect of winning in an election by well-informed voters is
A) A. B) B. C) C. D) zero units supplied.
If government sets price supports on agricultural goods that are above equilibrium prices, what must the government do to maintain those prices?
The government's choices regarding the overall level of government purchases and taxes is known as _____
Fill in the blank(s) with correct word