State at least two major benefits of promoting non-governmental organizations in developing countries as sources and conduits of foreign assistance
What will be an ideal response?
Benefits: less constrained by political motivations, and able to avoid cynicism and suspicion by working directly with and for local people.
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Starting from long-run equilibrium, a large decrease in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; lower; potential B. expansionary; higher; potential C. recessionary; lower; potential D. recessionary; lower; lower
Gold buyers are located in New York and Zurich. If the price of gold is $400 an ounce, the worldwide demand for gold is 10,000 ounces. Also, the price elasticity of demand for gold in New York and Zurich are -3 and -2 respectively
If the slope of each demand curve in New York is the same as in Zurich, then the quantity of gold demanded by dealers in Zurich is A) 10,000/3. B) 5,000. C) 6,000. D) 10,000. E) none of the above
In a simple majority vote, the losses to the losers are greater than the gains to the winners. It follows that the
A) outcome of the vote is efficient. B) outcome of the vote is inefficient. C) outcome of the vote will be nullified (most likely by the Courts). D) vote has generated net benefits. E) none of the above
When the Continental Congress issued currency to finance the Revolutionary War, the Continental Congress:
A. tied the value of the "continental" to gold. B. made "continentals" legal tender. C. issued too many "continentals," eventually making the currency worthless. D. tied the value of the "continental" to gold to French "assignats."