Net domestic product (NDP) is the total value of new goods available in the economy after worn out capital goods have been replaced
Indicate whether the statement is true or false
True
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Which one of the following countries was the "spark" that ignited the 2009 euro crisis?
A) China B) Greece C) England D) Spain E) Germany
For an addictive drug such as heroin, if the price of heroin increases, then
A) the quantity demanded never changes. B) the quantity demanded will decrease by a relatively large amount. C) the quantity demanded will actually increase. D) the quantity demanded will decrease by a relatively small amount.
The Phillips Curve shows the trade-off between
a. unemployment and output b. inflation and output c. rates of unemployment and inflation d. imports and exports e. unemployment and inflation
What organization is most important due to its distribution of multilateral aid, its expertise in development, and its strong influence on other donors?
a. the World Bank b. the World Trade Organization c. the International Monetary Fund d. the UN Development Programme