The International Monetary Fund
A. is a multinational organization that aims to promote world economic growth through more financial stability.
B. is the bank that causes international financial crisis when the reserves are too high.
C. is a central bank like the Federal Reserve System.
D. is a multinational agency that specializes in making loans to promote long-term development and growth in developing countries.
Answer: A
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The three central questions for efficient organizational design include all EXCEPT
a. does the decision maker have the relevant information? b. is the decision maker in a supervisory role? c. who is making the decision? d. does the decision maker have an incentive to make a good decision?
If an economy were experiencing a high rate of unemployment as the result of insufficient aggregate demand, a Keynesian economist would favor:
A. an increase in taxes coupled with a reduction in government expenditures of equal size. B. an increase in taxes. C. a reduction in taxes, without any offsetting reduction in government expenditures. D. maintenance of a balanced budget.
Which of the following is the reason why every society needs to develop an economic system?
If a monopolist is producing the quantity at which marginal revenue exceeds marginal cost, it should
A. increase output if it wants to maximize profits. B. continue to produce this amount if it wants to maximize profits. C. reduce output if it wants to maximize profits. D. reduce price and keep output unchanged if it wants to maximize profits.