Which of the following is a true statement?
A. Direct foreign investment to DVCs is increasingly provided by commercial banks.
B. Direct foreign investment to DVCs has dwindled to near zero in recent years.
C. Approximately 5 percent of the GDP of IACs goes to foreign aid.
D. Foreign aid from the IACs to the DVCs has greatly expanded in the past several years.
D. Foreign aid from the IACs to the DVCs has greatly expanded in the past several years.
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During a recession, the unemployment rate ________ and the percentage of part-time workers who are involuntary part-time workers ________
A) rises; rises B) rises; falls C) falls; rises D) falls; falls E) rises; does not change
Suppose your neighbor likes to repair motorcycles in his front yard during evenings and on weekends, and he earns $400 per week from this work
However, the sight of piles of greasy motorcycle parts and the additional noise and traffic caused by his customers reduces your value of living in this neighborhood by $300 per week. If your neighbor has a right to operate this business, what is the efficient outcome? A) He continues to operate the business. B) You can pay him to move the business to another location. C) He pays you to let him continue working on motorcycles at his home. D) There is no efficient outcome from this situation.
Which of the following is false?
a. If people can anticipate the plans of policy makers and alter their behavior quickly, their behavior could neutralize the intended impact of government action on real GDP. b. The theory of rational expectations leads to optimistic conclusions regarding macroeconomic policy's ability to achieve its intended economic goals. c. Rational expectation economists believe that wages and prices are flexible, and that workers and consumers incorporate the likely consequences of government policy changes quickly into their expectations. d. Catching consumers and businessmen off-guard with macroeconomic policy changes gets harder the more you try to do it.
If the price elasticity of demand for cigarettes is 0.4,
A. A 5 percent decrease in price will cause quantity demanded to rise by 10 percent. B. The demand is inelastic. C. The demand is elastic. D. A 10 percent increase in price will cause quantity demanded to fall by 40 percent.