A quota subscription is
A) the maximum amount of funds that can be drawn at the World Bank without a formal proposal.
B) the maximum amount that a private investor can invest in foreign firms.
C) a nation's account at the International Monetary Fund.
D) when an investor sets limits on the proportion of their portfolio that will contain foreign investments.
C
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The government uses the buying power of wages rather than face value or nominal value in reporting changes in "real wages" in the economy
Indicate whether the statement is true or false
Which of the following must be true about homothetic tastes:
A. Utility functions that represent those tastes are homogeneous of degree 1. B. There exists a utility function that represents those tastes and is homogeneous of degree 1. C. There exists a utility function that represents those tastes such that the expenditure function is homogeneous of degree 1. D. The indirect utility function is homogeneous of degree zero. E. Both (a) and (c). F. Both (b) and (c). G. Both (b) and (d) H. None of the above.
If the demand curve is perfectly inelastic, _____
a. suppliers will bear the entire burden of any tax b. demanders will bear the entire burden of any tax c. suppliers and demanders will split the burden of any tax d. the actual burden of the tax depends upon who is legally required to pay the tax
Which of the following would be classified as private investment spending?
a. A family's purchase of a new home b. An automobile producer's purchase of steel for use in building new cars c. A paper company's purchase of timber d. A household's purchase of AT&T stock e. The government's purchase of a new office building