Limits on a country's ability to use aid effectively are referred to as its
a. absorptive capacity
b. bilateral aid
c. conditionality
d. grant element
e. none of the above
A
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The market demand for wheat is ________ and the demand for wheat produced by an individual farm is ________
A) perfectly elastic; perfectly inelastic B) not perfectly elastic; perfectly elastic C) not perfectly inelastic; inelastic D) elastic; unit elastic
Kevin purchasing concert tickets with his debit card is an example of the ________ function of money
A) medium of exchange B) unit of account C) store of value D) specialization
Funding for the operations of the Board of Governors of the Federal Reserve is derived from
A) taxes collected from commercial banks. B) the governments of the states in which the district banks operate. C) appropriations from the United States Congress. D) earnings of the Federal Reserve district banks.
In contrast to both perfect competition and monopolistic competition, an oligopoly market structure is characterized by:
a. price discrimination. b. a perfectly inelastic demand curve. c. the presence of infinite number of firms. d. the production of only differentiated products. e. difficulty in the entry of new firms.