The World Bank was created to help finance economic development in poor countries
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following would shift a nation’s entire production possibilities curve outward?
a. moving from less than full employment to full employment. b. developing a more efficient technology. c. more efficiently allocating productive resources already available. d. All of these.
The labor force typically grows faster in developing countries than in industrial ones because mortality rates are higher in low-income countries
a. True b. False Indicate whether the statement is true or false
Game theory is based on the idea that
a. government determines the rules of the game b. firms are strategically independent c. firms are price takers d. a player's strategy must take account of the strategies followed by other players e. a player's strategy must be independent of the strategies followed by other players
Which of the following best explains why the long-term interest rate will generally change by less than 1% when the short-term interest rate changes by 1%?
A) The mathematical calculations are more difficult for analysts in the case of long-term bonds. B) Long-term rates are always lower than short-term rates, so there is less room for them to change. C) Financial market participants will not expect this increase in the short-term interest rate to persist fully in the future. D) Financial markets are often affected by bubbles and fads. E) none of the above