Foreign aid:
A) flows from developing nations to developed nations.
B) is limited to African countries.
C) can lead to corrupt practices in countries ruled by dictators.
D) is extremely effective in economies with extractive institutions.
C
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A country with an official settlements balance of zero and a negative current account balance is a
A) net creditor. B) net lender. C) net borrower. D) net saver. E) None of the above answers is correct because it is not possible to have an official settlements balance of zero and a negative current account balance.
Matt is offered a job driving the campus shuttle bus from 4 p.m. to 6 p.m. each Monday. His reservation wage for this job is $7 per hour. Now suppose the director offers Matt $50 per hour, but also announces that Matt's earnings will be divided equally among Matt and the 99 other students who live in Matt's dorm. What will be Matt's economic surplus from accepting the job?
A. -$6.00 per hour B. -$6.50 per hour C. $0.50 per hour D. $1.00 per hour
When a curve shifts, the underlying relationship between the two variables has changed.
Answer the following statement true (T) or false (F)
What are the three most important variables that cause the market supply curve of labor to shift?
What will be an ideal response?