The value of any economic statistic measured in terms of actual prices that exist at the time, adjusted for inflation, is the:
a. adjusted value.
b. nominal value.
c. real value.
d. calculated value.
c. real value.
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A way in which government can attempt to solve the problems caused by information asymmetry in the marketplace is:
A. statistical discrimination. B. signaling. C. mandating that information be shared. D. All of these are ways the government deals with information asymmetry.
What is the current average tariff on imported goods for the world?
a. equal to 2 percent b. equal to 5 percent c. less than 5 percent d. greater than 5 percent
To draw your budget line between steak and lobster, all you need to know is your income
Indicate whether the statement is true or false
With tied aid
(a) MNC investment depends on tax concessions. (b) aid recipients must use the aid to purchase goods and services from the donor. (c) aid recipients must follow World Bank/IMF conditionality. (d) all of the above.