A primary goal of the International Monetary Fund (IMF) is to:
A. protect the interests of the United States abroad.
B. negotiate trade agreements between nations.
C. promote economic negotiations and cooperation among industrialized countries.
D. work out repayment plans for developing countries with large international debts.
Answer: D
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Under oligopoly, there are ________ firms selling products that are ________
A) many; either identical or different B) a few; either identical or different C) many; different D) a few; identical
When the price of a bond is ________ the equilibrium price, there is an excess demand for bonds and price will ________
A) above; rise B) above; fall C) below; fall D) below; rise
The difference between the sale value of the product and the value of the inputs that went into it is called the:
A. value-added of that stage of production. B. value of the final product. C. profit margin. D. mark up.
Supply-side economists favor tax incentives that
A. Discourage infrastructure development. B. Encourage investment. C. Discourage saving and encourage spending. D. Increase the level of government regulation.