Which of the following countries was refused a second installment of its loan from the International Monetary Fund (IMF) in late 1990s for not meeting the conditions for fiscal reform as determined by the IMF?
A. The United States
B. Thailand
C. Russia
D. Mexico
Answer: C
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What happened to real interest rates during the early 1930s?
A) They declined as nominal interest rates declined. B) They rose as nominal interest rates rise. C) They declined due to deflation. D) They rose due to deflation.
According to the above table, what is the absolute price elasticity of demand if price falls from $8.00 to $7.50?
A) 4.00 B) 2.82 C) 1.80 D) 1.21
With regard to the characteristics of production indifference curves, which of the following statements is/are NOT true? a. Higher curves correspond to larger outputs
b. An indifference curve will generally have a negative slope. c. An indifference curve is typically assumed to curve inward toward the origin near its middle. d. All of the above are true for production indifference curves, but not for isoquants. e. b and c
An insurance company that writes automobile policies tries to separate safe drivers from risky drivers by offering policies that feature different deductibles and different premiums. This practice is best described as an example of
a. screening. b. behavioral economics. c. monitoring. d. signaling.