Refer to Scenario 1. What is the total output when 2 hours of labor are employed?
A) 80
B) 100
C) 180
D) 200
C
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Which of the following statements is TRUE about the success of the World Bank?
A) The World Bank has been successful because it has focused on its primary function of making loans to governments. B) The World Bank has not been successful because it has focused on making loans to governments where there has been a loss of confidence in a nation's financial system. C) The World Bank has not been successful because many loans have been made to countries that can attract private funds. D) The World Bank has been very successful in promoting economic growth because loans have been primarily made to countries that have trouble attracting private funds.
As a group, people with high incomes are likely to have
A) greater-than-average family inheritances and greater than average SAT scores. B) greater-than-average holdings of stocks and bonds and lower-than-average productivity. C) a stable marriage and no children. D) greater-than-average productivity and greater-than-average amounts of capital.
Suppose Jack and Kate are at the town fair and are choosing which game to play. The first game has a bag with four marbles in it-1 red marble and 3 blue ones. The player draws one marble from the bag; if it is red, they win $20 and if it is blue, they win $1. The second game has a bag with 10 marbles in it-1 red, 4 blue, and 5 green. The player draws one marble from the bag; if it is red, they win $20; if it is blue, they win $5; and if it is green, they win $1. Both games cost $5 to play. Jack decides to play the first game, and Kate decides to play the second game as described in the scenario. The expected value of the payoff:
A. is higher for Jack than for Kate. B. is lower for Jack than for Kate. C. is the same in both games, because there's only one red marble. D. is higher in the second game because half the marbles entail a payback of at least what she pays to play the game.
The market where banks make loans to borrowers is called the primary loan market, while the market in which these loans are bought and sold by ______________ institutions is the secondary loan market.
a. retail b. financial c. debtor d. secondary