Where does the World Bank get its funds?
A) from selling internal reports to the public
B) from tariffs collected on goods traded internationally
C) from governments of the wealthiest nations and from private financial markets
D) from seizing dead capital in developing nations and selling it at auction
C
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The United States abandoned the Bretton Woods system of exchange rates in
A) the 1920s. B) the 1940s. C) the 1970s. D) the 1990s.
The IS curve would unambiguously shift up and to the right if there were
A) an increase in both government purchases and corporate taxes. B) an increase in both government purchases and the expected future marginal product of capital. C) an increase in the expected future marginal product of capital and a decrease in expected future output. D) a decrease in both corporate taxes and the expected future marginal product of capital.
Supposed actual investment is greater than planned investment at the current level of output in 2010. Given this information, we know that
A) GDP will tend to increase over time. B) firms' stock of inventories must have increased unexpectedly in 2010. C) saving must be less than planned investment. D) saving must be equal to planned investment.
When asset specificity is very low and there is no market uncertainty, it is best for a firm to:
A. buy in the open market. B. vertically integrate. C. use a long-term contract. D. engage in a joint venture.