Most nations that split from the USSR saw their incomes increase over the next several years after USSR's collapse
Indicate whether the statement is true or false
FALSE
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Employing a general equilibrium approach, describe the effect of a new law that prohibits steel imports
What will be an ideal response?
Which of the following is NOT a true statement about IMF lending?
A) The IMF can usually determine the difference between national crises and those likely to cause system-wide problems. B) Limits on borrowing have not kept up with the growth of national economies. C) The IMF does not have the funds to provide the support that a large economy might need. D) Proposals for lending expansion suggest greater IMF intervention if it can stop crises faster.
Tina has $1,000 that she wants to save for at least five years. It’s important to her that her investment is very low risk, but she would still like to earn some interest on her savings. Which of the following instruments would be the best choice for Tina?
a. Savings account b. Rental property c. Gold d. Certificate of deposit
Consider the salary of Mary Sue Nelson, a sales agent for Plain Truth Advertising. Her compensation package for a week is W = 1,000 + 0.4Q, where Q is her dollar volume of sales. Her productivity is = 200e + µ, where e denotes her hours of effort and µ is a random variable with mean 0. She has an effort cost of C = e2. Under this contract, her choice of effort will be:
A. 0 hours per week. B. 40 hours per week. C. 20 hours per week. D. 80 hours per week.