The Washington Consensus refers to
a. agreements between Republicans and Democrats
b. guidelines for limiting government intervention, supported by the World Bank andInternational Monetary Fund
c. the agreement as to where to locate the U.S. government
d. guidelines for providing U.S. aid to developing-country governments
e. guidelines for providing federal aid to state and local governments
B
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Product-specific services are most likely to be valuable for which of the following goods?
A) a broom B) a lawn tractor C) a shovel D) a lawn rake
A publicly traded firm has 2.5 million shares of stock outstanding, with a current share price of $30. The firm’s insurance agent estimates that the replacement cost of the firm’s plant and equipment (and related capital assets) is $70 million. Tobin’s q is
a) 0.84 b) 1.07 c) 1.20 d) 2.33 e) 2.80
What is the monthly interest rate if you are asked to convert a 12 percent annual rate to a monthly rate (calculate to 4 decimal places)?
What will be an ideal response?
Briefly explain why a rise in national production and income per capita might improve some environmental problems such as air pollution, water pollution, and sanitation, and potentially worsen others.
What will be an ideal response?