Which of the following is not true about a special drawing right (SDR)?
a. The SDR is a composite currency.
b. The value of the SDR is an average of the values of the currencies of major industrial countries.
c. The SDR was created in 1980 by the World Bank.
d. The SDR is an international reserve asset.
e. The SDR is used to settle international debts.
c
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If Joey Kobayashi experiences diminishing marginal utility from eating hot dogs then
A) the marginal utility from the next hot dog Joey eats will be negative. B) Joey is maximizing the marginal utility per dollar he receives from eating hot dogs. C) the additional satisfaction he receives from eating another hot dog will be less then the satisfaction he received from his eating his last hot dog. D) his total utility from eating hot dogs is negative.
The closing of the frontier in the early 20th century led eventually to
(a) exhausting the land of all fertility by overusing it. (b) a change from an "intensive" to an "extensive" use of the land. (c) an emphasis on water conservation projects and the irrigation of arid lands. (d) the sale of Bureau of Land Management and Forest Service lands to provide more land for private agriculture.