If all developed countries were willing to meet the U.N.'s Millennium Aid Goal for foreign aid, this would eliminate global poverty.
Answer the following statement true (T) or false (F)
False
Even tripling foreign aid would generate only $100 a year for each of the nearly 3 billion people now in global poverty. That figure is optimistic because it assumes all aid is distributed to the poor in a form (e.g., food, clothes, and medicine) that directly addresses their basic needs.
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Holding other factors constant, if employers automatically enroll employees in retirement savings programs in order to overcome psychological barriers to saving, then the real interest rate will ________ and the equilibrium quantity of saving and investment will ________.
A. increase; decrease B. increase; increase C. increase; not change D. decrease; increase
Refer to Scenario 25-2. As a result of Kristy's deposit, Bank A's reserves immediately increase by
A) $2,000. B) $8,000. C) $10,000. D) $50,000.
The basic principle that a country should treat imports from all other countries the same way is
a. quantitative restriction b. export orientation c. most favored nation d. free-trade area e. none of the above
By issuing checks, debit cards, and credit cards, banks:
a. increase the transaction costs in the economy. b. decrease the transaction costs in the economy. c. increase the liquidity of assets in the economy. d. decrease the liquidity of assets in the economy.