Controlled experiments and field studies in countries like India indicate that the success of programs to assist individuals in extreme poverty
A) can be dependent on very specific circumstances surrounding each of these programs
B) can be dependent on the continent on which the program is used
C) can be dependent on which World Bank unit is involved in supervising aid
D) can be dependent on the way in which GDP is calculated in the country
Answer: A) can be dependent on very specific circumstances surrounding each of these programs
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Effective cooperation among the members of a commercial society is more likely when
A) economic decisions are placed in the hands of democratically-elected committees. B) everyone's income is approximately the same. C) people produce for use rather than for profit. D) prices do not change in response to temporary changes in circumstances. E) property rights are clearly defined.
Under a cost plus fixed fee contract the contractor cannot make a loss
a. True b. False
Figure 8-3
Figure 8-3 shows a firm’s total profit function. At an output of 40, the firm’s total profit equals ____.
A. 10 B. 40 C. 200 D. 400
The proponents of adaptive expectations believe that:
a. there will be a substantial time lag before people anticipate the effects of a shift to a more expansionary macro-policy. b. macro-policies that stimulate demand and place upward pressure on the general level of prices will temporarily increase output and employment. c. discretionary changes in macro-policy can be made in a manner that will reduce the economic ups and downs of a market economy. d. all of these are true.