Ultimate solutions to the problems of unsustainable debt must take into account the incentives for lenders to make loans
Indicate whether the statement is true or false
TRUE
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Discuss why the World Bank has been criticized for making loans to nations that can attract private funds
What will be an ideal response?
In modern microeconomic theory, utility functions summarize:
A. cardinal information about preferences. B. ordinal information about preferences. C. absolute information about preferences. D. both cardinal and ordinal information about preferences.
Market power refers to
A) the ability of a firm to sell at a lower price than rival sellers. B) the ability of a firm to advertise its product and succeed in selling more output. C) the ability of a firm to charge a price higher than the marginal cost of production. D) the ability of consumers to dictate what products should be produced.
How can advertising make it easier for firms to enter a market?
a. It can provide tax breaks for the new firms. b. It gives them a way to draw customers away from existing firms. c. It can cause existing firms to spend more on advertising. d. It give them a chance to draw employees from existing firms.