Which of the following is not a way for IACs to help LDCs achieve economic growth?
A. private investment
B. aid
C. loans
D. intervention in politics
Answer: D
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Utilitarianism is a principle whose goal is ________
A) the greatest happiness for the greatest number B) the greatest pay for the greatest number C) equal pay for equal work D) equal happiness for all workers
Income on the horizontal axis at which the vertical distance to the 45-degree line is less than the vertical distance to the Ep line gives rise to ________-than-equal planned expenditures, and so we must be ________ the equilibrium level of income
A) less, below B) less, above C) greater, below D) greater, above
Given the table above, suppose consumption in period two is $40,000. Then, the interest rate rises to five percent, and period-two consumption does not change. We may infer that ________
A) the income effect is stronger than the substitution effect B) the substitution effect is stronger than the income effect C) the substitution and income effects cancel out D) this consumer has a binding borrowing constraint
Franco's Frozen Ice produces Italian flavored ice that is sold in the freezer section of grocery stores. Currently, Franco's does not have a fixed advertising budget and advertises in grocery stores' weekly advertising flyers and on the radio. A unit of advertising in the weekly flyers costs $2,000 and a unit of advertising on the radio costs $6,000. At their current advertising levels, the
marginal benefit of advertising in the flyer is $1,500 and the marginal benefit of advertising on the radio is $5,000. Which of the following is true? A) Franco's is currently maximizing its profits from advertising. B) To maximize profits, Franco's should increase the amount of advertising in flyers and on the radio. C) To maximize profits, Franco's should decrease the amount of advertising in flyers and on the radio. D) To maximize profits, Franco's should increase the amount of advertising in flyers, but not change the amount of advertising on the radio.