Between 1972 and 1999, the majority of loans to HIPC countries went to regimes considered "not free," and between 1985 and 1995, to places that were considered "corrupt" by international organizations
Indicate whether the statement is true or false
TRUE
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The figure above shows the market for brooms. If the market is efficient,
A) 0 brooms are produced. B) 600 brooms are produced. C) more than 1000 brooms are produced. D) between 0 and 600 brooms are produced. E) between 600 and 1000 brooms are produced.
An increase in domestic output would cause a ________ in net exports and a ________ in the exchange rate
A) rise; rise B) rise; fall C) fall; rise D) fall; fall
Which of the following statements best describes the Phillips curve from a Keynesian viewpoint?
a. From a Keynesian viewpoint, the Phillips curve should slope down so that higher unemployment means lower inflation. b. From a Keynesian viewpoint, the Phillips curve should slope down so that lower unemployment means lower inflation. c. From a Keynesian viewpoint, the Phillips curve should slope down so that higher unemployment means higher inflation. d. From a Keynesian viewpoint, the Phillips curve should slope down so that lower unemployment means higher inflation.
An individual has an absolute advantage in producing pizzas if that individual:
A. has a higher opportunity cost of producing pizzas than anyone else. B. has a lower opportunity cost of producing pizzas than anyone else. C. charges the lowest price for pizzas. D. can produce more pizzas in a given amount of time than anyone else.