Which of the following is an example of a bilateral aid?
a. A U.S. commercial bank loan to a Mexican investor
b. The establishment of a Brazilian subsidiary by a German firm
c. U.S. humanitarian aid to Somalia
d. A trade credit extended to Morocco for the purchase of Iranian oil
e. A World Bank loan to Kenya
c
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If a nation imposes a tariff on an imported product, then that nation will experience a(n)
A. decrease in the supply of, and an increase in the quantity demanded of, the product. B. increase in the quantity supplied of, and a decrease in the price of the product. C. decrease in demand and a decrease in the price of the product. D. decrease in quantity supplied and an increase in the price of the product.
The above table describes the accounts for the country of Pacifica. Using this information, net exports for Pacifica equals
A) $100. B) $900. C) -$100. D) $650.
The graph below represents the market for walnuts. Identify the values of the marginal benefit and the marginal cost at the output levels of 2,000 pounds, 4,000 pounds, and 6,000 pounds
At each of these output levels, state whether output is inefficiently high, inefficiently low, or economically efficient.
The law of demand states that
A) people demand less at lower prices. B) the quantity demanded is directly related to price. C) the quantity demanded is inversely related to price. D) changes in price and changes in quantity demanded move in the same direction.