The wealthy nations of the world have

A. the largest populations.
B. more supplies of natural resources.
C. more supplies of capital.
D. larger labor forces.

Answer: C

Economics

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The current international monetary system is best described as a: a. fixed exchange rate system. b. gold standard

c. dirty float system. d. free float system.

Economics

All of the following are true for a monopsonist except

A. The demand for labor is the same as the marginal revenue product of labor. B. The derived demand for labor is downward-sloping. C. The market demand for labor is upward-sloping. D. The marginal factor cost for labor exceeds the wage rate.

Economics