Which of the following is NOT a criticism of international institutions such as the IMF, the World Bank, or the WTO?
A) They lack openness in their decision-making process.
B) They violate national sovereignty by imposing unwanted domestic policies.
C) They fail to understand the effects of their policies on the vulnerable.
D) Their decision making is biased in favor of underdeveloped nations and against the interests of nations already industrialized.
E) They ignore potentially large adjustment costs for developing nations of implementing their policies.
D
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The standard way to measure the effect of debt in an economy is the stock of debt relative to the GDP
Indicate whether the statement is true or false
The purely competitive employer of resource A will maximize the profits from A by equating the:
A. price of A with the MRP of A. B. marginal productivity of A with the MRC of A. C. marginal productivity of A with the price of A. D. price of A with the MRC of A.
In order to study how changing price affects consumer decisions, we must assume all other factors, such as income and the prices of other goods are constant. This assumption is best know as
A) rationality. B) ceteris paribus. C) normative economics. D) behavioral economics.
Total factor productivity growth is that part of economic growth due to
A. capital growth times labor growth. B. capital growth plus labor growth. C. capital growth less labor growth. D. neither capital growth nor labor growth.