Both the World Bank and the IMF typically
A) charge lower than average loan rates to ensure repayment.
B) impose stringent preconditions that the borrowers must meet.
C) charge higher than average loan rates.
D) make loans for less than 5 years only.
B
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Suppose a competitive firm pays a wage of $12 an hour and sells its product at $3 per unit. Assume that labor is the only input. If hiring another worker would increase output by five units per hour, then to maximize profits the firm should
A) hire the additional worker. B) lay off some of its workers. C) not change the number of workers it currently hires. D) There is not enough information to answer the question.
When income rises, total expenditures remain constant
a. True b. False Indicate whether the statement is true or false
How do individuals spending their own money behave differently than those spending someone else's money?
a. Money is money. It does not matter whose it is, you spend it the same way. b. Individuals spending their own money look for the best value given the price. c. When spending someone else's money, individuals are concerned about getting the best deal so the money will go farther. d. Individual behavior is unpredictable. It is anyone's guess what will happen.
Suppose you work in a human relations office, and an employee, Ariana, comes to you with a set of statistics she has gathered about your company. Which of these statistics might indicate wage discrimination?
a. Fewer minorities were interviewed than whites. b. There are ten percent more males than females in management. c. Female mechanics earn ten percent less than male mechanics. d. Technicians make fifty percent more than janitors.