Early structural adjustment programs were least likely to include
a. social safety nets
b. currency devaluations
c. restrictions on money supply growth
d. import liberalization
e. most programs included all of these
A
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According to Pigovian analysis, when is a tax necessary to improve the market's economic efficiency?
a. When high transactions costs prevent private bargaining. b. When the social marginal cost of production exceeds the private marginal cost. c. When consumption of the good creates external benefits for others. d. When at the competitive equilibrium, the social marginal benefit of the good equals its social marginal cost.
Refer to the scenario above. The amount of the loan in rupees is ________
A) 10,000 B) 500,000 C) 50 D) 30,000
Christy and Claudia are aspiring models. Talent scouts consider them to be similarly beautiful. Both enter a talent show. Claudia contracts food poisoning the night before the competition and withdraws. Christy wins the competition and signs a multi-million dollar contract. The differences in their earnings likely reflect
a. discrimination. b. differences in human capital. c. differences in signaling. d. chance.
If external benefits are taken into account in the market
A. the supply curve would shift to the left. B. the demand curve would shift to the right. C. the supply curve would become vertical. D. the demand curve would shift to the left.