The World Bank specializes in making loans to promote
A. short-term assistance when a nation experiences a financial crisis.
B. financial stability.
C. so-called stand-by arrangements and credits.
D. long-term economic development.
Answer: D
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Frank spends Saturday afternoon at the Dodge dealership looking at new trucks. The model that he is interested in has a sticker price of $29,000. The fact that the price is quoted in dollars is an example of money used as a
A) medium of exchange. B) unit of account C) store of value. D) All of the above answers are correct.
A movie monopolist sells to students and adults. The demand function for students is QdS = 600 - 100P and the demand function for adults is QdA = 1,200 - 100P. The marginal cost is $2 per ticket. Suppose the movie theater can price discriminate. How many tickets does the theater sell to adults to maximize profits?
A. 2500 B. 500 C. 200 D. 600
In the ________________ of externalities, the market equilibrium is ______________ efficient because it maximizes the net social benefit.
a. absence; ecologically b. presence; ecologically c. absence; economically d. presence; economically e. absence; environmentally
The annual cost of spam is estimated near ______.
a. $20 million b. $20 billion c. $2 trillion d. $200 trillion