Offering an expensive engagement ring to your (future) bride is a
a. Screening mechanism
b. Signaling mechanism
c. Way to waste money
d. None of the above
b
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Based on the following table, what is average fixed cost when 150 units of output are produced?
A. $16.50 B. $9 C. $11 D. $2 E. none of the above
Critics of economic growth say that it will deplete economic resources.
Answer the following statement true (T) or false (F)
Economic growth is shown by
A. a point near the top of the production possibilities curve. B. an inward shift of the production possibilities curve. C. a point outside the production possibilities curve. D. an outward shift of the production possibilities curve.
One of the major criticisms of the World Bank is that it lends funds
A. to industrialized nations. B. to impoverished nations. C. to countries which could easily borrow funds from other sources. D. to terrorist groups not affiliated with any country.