All the following would be a possible loan that the International Monetary Fund might make EXCEPT
A. long-term loans to countries which are having problems in repaying existing debts.
B. long-term loans to a nation's government which support growth promoting projects.
C. a loan to a private firm.
D. short-term loans to a nation's government.
Answer: C
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Which of the following is an advantage of a sole proprietorship?
a. the ability to pool resources b. limited liability c. double tax exemption of the firm's earnings d. ease of organization e. ease of raising funds
In the market for euros, Americans want to buy euros
a. only to buy goods from European firms b. primarily to buy services from European firms c. only to buy European assets d. only to buy European goods and assets e. to buy European goods, services, and assets
In a free market for rental housing, effective rent control would have which effect?
a. It would cause a reduction in the number of apartments. b. It would cause an increase in the number of apartments, since landlords would try to increase their profits through larger scale. c. It would have no effect on the number of apartments offered in the market. d. The results are impossible to predict.
Which of the following explains why soccer players make millions of dollars in Europe but do not in the United States?
a. discriminatory rules established by the government b. compensating wage differentials for living in Europe c. discriminatory preferences on the part of US sports fans for other sports d. efficiency wages paid to European players to enhance on-field performance