The World Bank obtains the funds it lends by:
a. selling bonds on the international bond market.
b. selling bonds to countries it has loaned funds to.
c. collecting each country's annual membership fee or quota.
d. levying a small tax on every foreign exchange conversion worldwide.
e. depending on voluntary subsidies from member nations.
a
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Governments can most effectively encourage a firm to produce the efficient level of output of a good whose production causes a beneficial externality by
a. increasing the demand at every price for the good. b. subsidizing the production of the good. c. taxing the production of the good. d. imposing a price ceiling on the good.
An example of a non-discretionary fiscal policy is:
a. Legislation passed to improve U.S. roads and bridges. b. Increased U.S. defense spending after the September 11, 2001 terrorist attacks. c. Fixed income tax rates. d. All of the above. e. None of the above.
An increase in the money supply causes the interest rate to fall, investment spending to rise, and aggregate demand to shift right
a. True b. False Indicate whether the statement is true or false
If for some reason U.S. residents increase their purchases of foreign assets, then all else constant which curve in the market for foreign-currency exchange shifts and which direction does it shift? What happens to the exchange rate?