According to Nobel Prize winning economist Joseph Stiglitz
A. over the years the IMF has markedly changed.
B. the IMF was founded on the belief that markets often worked badly.
C. the IMF now champions the free market as the best way to run an economy.
D. All of the choices are true.
D. All of the choices are true.
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Which of the following is an example of labor income?
A) Dividend received by shareholder B) Profit earned by an entrepreneur C) Rent paid to a landlord D) Bonus paid to a worker
The economic efficiency of any process will be evaluated by
A) the proportion of marginal to non-marginal costs. B) the ratio of work done to energy supplied. C) comparing what is gained from what is sacrificed. D) the relationship of supply to demand.
If the central bank targets a rate of nominal GDP growth, then it would have to _____ money growth when nominal GDP fell below its target in order to _____ inflation and ____ real GDP
a. increase; increase; increase b. increase; decrease; decrease c. decrease; decrease; decrease d. decrease; decrease; increase
The Environmental Protection Agency (EPA) cannot reach a target level of pollution through the use of pollution permits
a. True b. False Indicate whether the statement is true or false