What impact did colonial inflation have on the colonial economy?
(a) An overall increase in private consumption spending in colonial America
(b) A decrease in interest rates in colonial America
(c) A decrease in colonial exports and a rise in colonial imports
(d) An increase in the exchange rates between colonial money and specie
(c)
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If a firm buys a delivery van for $18,000 and can resell it in 2 years for $7,500, the sunk cost is
A) $10,500. B) $7,500. C) $18,000. D) $0.
The International Monetary Fund was created to achieve each of the following goals EXCEPT
A) lend funds to countries with international payment problems. B) lend funds to large government infrastructure projects. C) monitor and offer advice on the exchange rate policies of member nations. D) encourage free convertibility of the currencies of member nations.