The IMF conditionality may include
A) changes in the fiscal and monetary policies of the country facing the financial crisis.
B) changes in the exchange rate policies.
C) regulating and restructuring the financial sector of the economy of the country in crisis.
D) structural policies affecting international trade and public enterprises.
E) All of the above.
E
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According to Adam Smith, a well-governed society's wealth is positively related to
A) the division of demand. B) the division of labor. C) the degree to which society can eliminate scarcity. D) the degree to which society can encourage and promote greed.
As long as marginal cost is less than average variable cost:
a. both average total costs and average variable costs will be falling. b. average total costs will be falling but average costs may be rising or falling. c. average fixed costs are rising. d. average total costs are falling but average fixed costs may be rising.
Which of the following appears on the liability side of the Fed's balance sheet?
a. Federal Reserve notes. b. U.S. government securities. c. Loans to banks. d. All of these.
A non-discriminating monopolist's marginal revenue curve lies below its demand curve because
a. economists put it there by convention b. in order to earn more profit, the monopolist must charge higher prices c. a monopolist gouges its customers d. in order to increase their profits, monopolists must produce in the inelastic range of the demand curve e. in order to increase the number of units sold, the firm must lower the price on all units sold