The World Bank:
A. provides military assistance to those nations interested in improving national defense.
B. makes and guarantees loans for basic development projects such as the construction of
dams, roads, and schools.
C. provides gold for DVCs that want to go on the gold standard.
D. provides short-term loans to DVCs that are incurring balance of payments deficits.
B. makes and guarantees loans for basic development projects such as the construction of
dams, roads, and schools.
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According to the Bureau of Labor Statistics, a person who is self-employed is considered
A) unemployed. B) employed. C) not in the labor force. D) a discouraged worker.
Erin and Deidre, two residents of Ithaca, New York, are planning a trip to Boston. Erin, the sales manager for a large retailer, has to attend a business meeting
Deidre, a college student on vacation, is planning a leisurely trip to visit friends and relatives. Which of the following statements is true? A) Since there is no difference in the cost of producing air travel, airlines will not charge different prices to Erin and Deidre. B) An airline cannot price discriminate because buyers can resell their tickets through the Internet. C) An airline that price discriminates will charge Erin a higher price. D) An airline that price discriminates will charge Deidre a higher price.
In the life-cycle hypothesis of consumption, two individuals with the same age, tastes, family composition, and income will
A) consume the same amount. B) each consume less the greater is their accumulated wealth. C) each have positive saving ratios. D) consume differing amounts if their wealth differs.
All of the following are true except
A. gross investment minus depreciation equals net investment. B. Karl Marx said that capital is produced by the capitalist. C. inventory investment is less stable than investment in plant and equipment. D. capital can be acquired by borrowing, working more or consuming less.