According to your textbook authors, monetary calculation would improve if

A) the government subsidizes business production.
B) the Fed sought to establish monetary equilibrium.
C) Congress seeks to establish a budget surplus.
D) domestic producers are protected from foreign competition.

B

Economics

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Refer to Figure 2-8. What is the opportunity cost of one dozen roses?

A) 0.4 dozen orchids B) 2.5 dozen orchids C) 7.25 dozen orchids D) 16 dozen orchids

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From the late 1940s until the creation of the WTO, the organization that was primarily responsible for conducting rounds of trade negotiations was the

A) World Bank. B) IMF. C) ITO. D) United Nations. E) GATT.

Economics