Which multilateral institution serves as the lender of last resort?
What will be an ideal response?
The IMF
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Adam Smith's book, Wealth of Nations was published at the time of the
A voter's preferences are single-peaked if:
A. her net benefit from an activity increases with the activity's level until her ideal is reached and declines thereafter. B. her total benefit from an activity increases with the activity's level until her ideal is reached and declines thereafter. C. her net benefit from an activity decreases with the activity's level until her ideal is reached and declines thereafter. D. her total benefit from an activity decreases with the activity's level until her ideal is reached and declines thereafter.
If an epidemic hits a Malthusian economy, the long-term consequence is
A) an increase in the standard of living. B) a reduction in the standard of living. C) no change in the standard of living. D) dependent on the population growth rate.
One possible solution to improve performance of regulated firms is which of the following?
a. Allow the firm to set its own rate of return. b. Allow higher rates of return to cover higher cost of better performance. c. Allow a higher rate of return for better performance. d. Set lower prices when efficiency improves.