Which of the following makes long-term low-interest loans to LDCs?
A. Agency for International Development (AID)
B. World Bank
C. International Monetary Fund (IMF)
D. New International Economic Order (NIEO)
Answer: B
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A nondiscriminating pure monopoly is generally viewed as being ________.
A. productively efficient, but not allocatively efficient B. both productively and allocatively efficient C. allocatively efficient, but not productively efficient D. neither productively nor allocatively efficient
Which might be an example of a positive externality?
A) Loud hip-hop music B) A dog gets loose from its master C) A lost wallet filled with twenty-dollar bills D) The rumbling of a Harley Davidson Low Rider motorcycle E) Any of the above, as long as they unintentionally benefit others
Comment on the following statement: "A firm's demand for labor can be affected by the availability of other inputs."
What will be an ideal response?
Suppose a tax on sellers has been imposed in the graph shown. Once the tax is in place, the buyers purchase ____ units and pay ____ for each one.
A. 15; $16
B. 15; $6
C. 31; $9
D. 31; $19