Which of the following is in charge of U.S. aid to foreign countries?
a. International Monetary Fund (IMF)
b. Agency for International Development (AID)
c. New International Economic Order (NIEO)
d. World Bank
b
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Refer to Figure 4-8. What is the value of the deadweight loss after the imposition of the ceiling?
A) $50,000 B) $125,000 C) $175,000 D) $260,000
If, as a person consumes more and more of a good, each additional unit adds less satisfaction than the previous unit consumed, we are seeing the workings of
A) the law of increasing marginal opportunity cost. B) the law of demand. C) the law of supply. D) the law of diminishing marginal utility.
In a market system, a firm's employees are typically shielded from business risk by:
A. Profit-sharing agreements B. Wage contracts C. The Social Security program D. Paid vacation leaves
Economic growth as it is currently measured
What will be an ideal response?