Utility is a measure of a person's level of satisfaction or happiness from the consumption of a particular good
a. True
b. False
Indicate whether the statement is true or false
True
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If the World Bank makes loans to nations that can attract private funds
A) the increase in growth in that nation will spill over to other nations that are developing. B) the presence of the World Bank's loans will lead to even more private funds being attracted to that country. C) the World Bank's loans will crowd out the private funds made to developing nations to encourage economic growth. D) these loans will interfere in the private market for capital goods and can lead to inefficient investment.
Economic growth
A. Means that capacity has decreased in the short run. B. Causes the production possibilities curve to shift inward. C. Refers to an increase in output. D. Cannot be sustained over time.
An increase in the nation's wealth, all other factors constant, would cause the:
A. bond supply curve to shift left. B. bond demand curve to shift right. C. bond supply curve to shift right. D. bond demand curve to shift left.
Imagine an ideal scenario where world peace prevails and all nations are led by peace-minded leaders. In such a world, the:
A. MB for defense goods would shift left B. MB for defense goods would shift right C. MC for defense goods would shift left D. MC for defense goods would shift right