Joseph Stiglitz has argued in favor of the transition policies carried out by international institutions
a. True
b. False
B
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The ZZZ Corporation issued $25 million in new common stock in 2016. It used $18 million of the proceeds to replace obsolete equipment in its factory and $7 million to repay bank loans. As a result, investment:
A. has not occurred. B. of $7 million has occurred. C. of $18 million has occurred. D. of $25 million has occurred.
Economists use different definitions of money because:
A. there are differences in the frequency with which depositors use their accounts. B. deposits can be domestic or international. C. deposits may be held at banks or savings and loans. D. it is not always clear which assets are used primarily as money.
When economic profits in a perfectly competitive industry are positive
A) new firms will be attracted to the industry, and economic profits will decline to zero. B) the industry is in equilibrium. C) firms will increase output to earn even higher profits. D) firms will increase prices while they have the opportunity.
Which of the following is an example of a capital-intensive commodity?
A. Clothing. B. Wool. C. Sunflower seeds. D. Chemicals.