Which statement is TRUE, according to economist Joseph Stiglitz?
A. IMF policies are sensitive to the human suffering its policies could create.
B. The IMF takes a "hands off" approach as to how a country uses the money it is lent.
C. The IMF was founded on the belief that there was a need for international pressure for countries to have expansionary economic policies.
D. The IMF was founded on the belief that there was a need for international pressure for countries to cut deficits, raise taxes and interest rates.
C. The IMF was founded on the belief that there was a need for international pressure for countries to have expansionary economic policies.
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Your favorite clothing website is offering a new shipping promotion: you can pay a $24 membership fee and receive free shipping for 12 months, or you can continue to receive free shipping as long as you spend at least $50 with every order. Otherwise you will have to pay $6 per shipment. You think $24 sounds like a good deal, but you do not want to make the mistake of being overconfident. Explain how you would make your decision.
What will be an ideal response?
The distance between the supply curve and the price the producer receives for a product for a given quantity supplied is referred to as:
A. market surplus. B. consumer surplus. C. producer surplus. D. market shortage.
Which of the following is true regarding this statement? "The president's decision to spend more money on national defense is smart."
A) This is a normative statement. B) The federal government does not face scarcity. C) This topic would be studied in microeconomics. D) Social interest must always be more important than self-interest. E) Ceteris paribus does not apply to the government.
If higher inflation is expected in the future, then the
A) SAS curve shifts rightward. B) AD curve shifts rightward. C) LAS curve shifts rightward. D) None of the above answers is correct.