The IMF granted in November of 2008 a $15 billion dollar loan to Hungary, which was at the time undergoing financial stress as a result of the global crisis

Indicate whether the statement is true or false


TRUE

Economics

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If a country produces only two goods, it is possible to have a comparative advantage in the production of both those goods

Indicate whether the statement is true or false

Economics

Which of the Ten Principles of Economics does welfare economics explain more fully?

a. The cost of something is what you give up to get it. b. Markets are usually a good way to organize economic activity. c. Trade can make everyone better off. d. A country's standard of living depends on its ability to produce goods and services.

Economics

The capital account includes

A. Foreign purchases of U.S. assets. B. Unilateral transfers. C. Trade in goods. D. Trade in services.

Economics

Answer the following questions true (T) or false (F)

1. Allocative efficiency is achieved in an industry when firms supply those goods and services that provide consumers with a marginal benefit equal to the marginal cost of producing those goods and services. 2. A perfectly competitive firm in long-run equilibrium produces output at the lowest possible average total cost.

Economics