One of the major criticisms of the World Bank is that it lends funds
A. to industrialized nations.
B. to impoverished nations.
C. to countries which could easily borrow funds from other sources.
D. to terrorist groups not affiliated with any country.
Answer: C
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A citizen of the U.S. buys a factory in London. This is an example of a(n) ________
A) foreign portfolio investment B) export by the U.S. C) foreign direct investment D) import by the U.S.
Suppose the target exchange rate set by the Fed is 100 guilders per dollar. If the demand for dollars temporarily decreases, to maintain the target exchange rate, the Fed can
A) sell dollars. B) buy dollars. C) increase U.S. exports. D) increase U.S. imports.
When a firm has been granted a trademark, which grants legal protection against other firms using the name of the product that has been granted the trademark, the firm
A) does not have to worry about legally enforcing the trademark; this is the responsibility of the legal system. B) still faces the possibility that the name will become widely used and no longer associated with a specific company. C) still must apply for a copyright and a patent to ensure that no other firm will use the product's name. D) must spend an annual amount on advertising the product each year; the amount it must spend is negotiated by the firm and the government agency that grants the trademark.
A social loss function is a way to
a. represent the objectives of policymakers. b. balance the benefits lower inflation with the costs of higher unemployment and lower output. c. calculate the costs of budget deficits. d. a way to compensate the losers that result from changes in government policy. e. both a and b.