Disappointed with problems caused by being a recipient of foreign aid from donor governments, the country of Upsilon should consider
a. refusing all future offers of aid
b. privatizing of aid, such as receiving funds from private not-for-profit agencies
c. becoming a donor instead
d. seeking even more government-sponsored aid
e. All of the answers are correct
B
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In the context of the global economy, the United States' capacity utilization rate __________________ than it was just a few decades ago.
A. is much more important B. is much less important C. has the same importance
Assuming all else equal, if the real interest rate increases, it will lead to:
A) a decrease in the quantity of credit demanded by a firm. B) a rightward shift of the credit demand curve of a firm. C) a leftward shift of the credit demand curve of a firm. D) an increase in the quantity of credit demanded by a firm.
What would not lead to an overall decrease in demand for air travel in the U.S.?
A) The fear of future terrorist attacks B) News of lengthy security delays at airports C) An expected decrease in airfares D) A substantial increase in bus and passenger train fares
Nevada is the low opportunity cost producer of computer software, and California is low opportunity cost producer of wine. Which of the following is true?
a. Nevada has no comparative advantage over California in the production of wine or computer software. b. Nevada has a comparative advantage in producing wine c. Nevada has a comparative advantage in producing software. d. Nevada has a comparative advantage in producing both wine and software.