Answer:
False.
Explanation:
The Convergence theory does not suggest that the two economic systems of capitalism and socialism will grow further and further apart, which will lead to international mistrust and trade wars. Instead, what this theory suggests is that, through a fully industrialization of a society, every nation will ultimately converge in an unified global culture.
Answer: Option 'c' is correct.
Explanation:
The definition of the monetary base is that
monetary base is equal to the sum of currency, banks' reserves at the Federal Reserve and checkable deposits at banks.
It is not the sum of currency and banks' reserves at the Federal Reserve.
It is not currency and checkable deposits at banks.
It is not sum of U.S. government securities owned by the Federal Reserve.
Hence, Option 'c' is correct.
Answer:
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Explanation: