For much of the history of aid, ____________ has been a driving force in decisions about how much to give in foreign aid.
A. the finance gap of receiving countries
B. the opportunity cost of investing in developing nations
C. the interest rate in the home country
D. political strategy
A. the finance gap of receiving countries
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Refer to Table 2-8. What is Betty's opportunity cost of making a statue?
A) 2 benches B) 1.4 statues C) 1/2 of a bench D) 1/3 of a bench
Suppose the Martin Microchip Corporation earns a profit of $20 per share of stock. If the prevailing interest rate is 10 percent and the stock is currently selling for $100 per share, what is the current price/earnings ratio?
A. 20. B. 0.20. C. 10. D. 5.
If the price rises and the total amount consumers spend on the good rises, then demand must be
A. inelastic. B. perfectly inelastic. C. elastic. D. perfectly elastic.
In 1914, the United States Congress
A. created the Per Se Rule. B. created the Federal Trade Commission. C. passed the Sherman Antitrust Act. D. passed the Rule of Reason Act.