Should the IMF be abolished? Discuss
What will be an ideal response?
An open answer. Arguments for abolishing the IMF should mention moral hazard, insistence on high interest rates, hasty structural reforms, etc. Arguments against abolishing will stress more coordination, more credit lines, transparency, etc.
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The success of a strike depends on the union's ability to
a. do all of the following b. reduce the supply of labor to the firm c. reduce the supply of scabs to the firm d. remain unified e. endure the strike
If you hear that unemployment decreased by 2 percentage points to 6 %in the past year, while the labor force participation rate remained constant, it means:
A. on a net basis, 2 out of every 10 people lost their job in the last year. B. on a net basis, 2 out of every 100 people lost their job in the past year. C. on a net basis, 4 out of every 100 unemployed persons found a job in the last year. D. on a net basis, 20 out of every 1,000 unemployed persons found a job in the last year.
When Peter sells his Alphabet common stock at the same time that Brian purchases the same amount of Alphabet stock from another party, Alphabet receives
A. the dollar amount of the transaction, less brokerage fees. B. only the par value of the common stock. C. the dollar value of the transaction. D. nothing.
Short-run total cost is defined as
A. total fixed cost plus total variable cost. B. total capital cost only. C. price of labor per unit multiplied by the number of labor units. D. the sum of marginal cost and total variable cost.