Refer to the following graph.
The marginal product and average product curves:
A. are A and B, respectively.
B. could be either A or B.
C. are B and A, respectively.
D. are not drawn properly.
Answer: A
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The national security argument is used by those who assert they want to
A) increase imports as a way of strengthening their country. B) limit exports to control the flow of technology to third world nations. C) limit imports that compete with domestic producers important for national defense. D) limit all imports. E) increase exports as a way of earning money to strengthen their country.
Which of the following organizations was NOT the result of the Bretton Woods Conference in 1944?
A) the League of Nations B) the General Agreement on Tariffs and Trade C) the International Monetary Fund D) the International Bank for Reconstruction and Development