An improvement in consumer confidence will cause:
A. A movement down the aggregate demand curve.
B. The aggregate supply curve to shift to the right.
C. The aggregate demand curve to shift to the right.
D. The aggregate demand curve to shift to the left.
C. The aggregate demand curve to shift to the right.
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When aid is in the form of free or remarkably reduced priced goods, it is known as:
A. goods in-kind donations. B. freebies. C. direct donations. D. consumable donations.
International trade financing is dominated by:
a. the U.S. Agency for International Development. b. private export-import agencies. c. the World Bank. d. the IMF. e. commercial bank syndicates.
Which statement best defines efficiency?
a. when it becomes possible to benefit at least one party without imposing costs on others b. when it is impossible to improve the situation of one party without imposing a cost on another c. the amount that a seller is paid for a good minus the seller’s actual cost d. the amount that individuals would have been willing to pay, minus the amount that they actually paid
What is perfect competition?
a. A situation in which each firm faces many competitors that sell identical products b. A situation in which a firm has a monopoly on a product c. A situation in which one firm has a distinct sales advantage over other competitors d. A situation in which each firm has a distinctly different version of the same product