The organization formed to allow governments to borrow to stabilize exchange rates is the
a. International Trade Commission
b. World Trade Council
c. United Nations' Economic Development Council
d. International Monetary Fund
e. World Bank
D
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Is there evidence that an increase in per capita income stimulates population growth?
What will be an ideal response?
Which of the following is true of an externality?
a. An externality enhances the efficiency of the market system. b. An externality is not an economic problem because it is external to the market. c. An externality is a cost borne by the people who are directly or indirectly involved in the production of a good or service. d. An externality accrues to someone who had nothing to do with the production or consumption of a good or service. e. An externality refers to some unexpected change in the equilibrium price or quantity of a product.
A monopolist's demand curve implies that
a. the monopolist is a price taker. b. the monopolist is a price maker. c. it has nothing to do with the amount a monopolist can sell. d. it can be downward sloping or horizontal depending on the price.
A measure of overall prices at a particular point in time is called:
A. a real price. B. inflation. C. the price level. D. a relative price.