Which of the following statements is true?
A) Arguments based on anecdotes are always true.
B) In the scientific method, anecdotes are more important than data.
C) Arguments by example are appropriate when contradicting a blanket statement.
D) It is easier for a researcher to jump to a wrong conclusion when she uses a large data set.
C
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The balance of payments account which records foreign investment in the United States and U.S. investments abroad is the
A) capital and financial account. B) current account. C) official settlements account. D) None of the above because foreign investment in the United States is included in one account and U.S. investment abroad is included in another account.
Which of the following is NOT a function of the International Monetary Fund?
A) serve as lender of last resort for national governments B) administer an international foreign exchange system C) establish the SDR system nations utilize to settle international payment obligations D) establish and administer each nation's fiscal and monetary policies