Unpredictable changes in the value of money, which brings about gains and losses, are a consequence of unpredictable changes in
A) real GDP.
B) unemployment rate.
C) inflation.
D) productivity.
C
Economics
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Which of the following was one of the most important achievements of the Uruguay Round of trade talks?
A) The creation of the WTO. B) The creation of the IMF. C) The creation of the World Bank. D) The creation of the GATT organization for international trade.
Economics
A country is said to have an absolute advantage in the production of a good when:
a. its opportunity cost of producing the good is lower than another country. b. it can produce the good using fewer resources than another country. c. it specializes in the production of the good. d. all of these.
Economics