In the past there have been violent protests against the World Bank and the World Trade Organization. The protesters argued that these institutions promote free trade and also encourage corporations in rich countries to invest in poor countries. The protesters contended that these practices make rich countries richer and poor countries poorer. An economist would
a. disagree with the protesters because these practices will help make both rich and poor countries richer.
b. disagree with the protesters about free trade, but would agree with the protesters about corporate investment.
c. disagree with the protesters about corporate investment, but would agree with the protesters about free trade.
d. agree with the protesters.
a
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Which of the following is not an example of human capital formation?
A) Increases in the educational achievements of the population B) Increases in job skills of the labor force C) Improvements in the nutrition and health of the labor force D) Increases in the birth rate of the population
Which of following statements about bonds is NOT true?
A. Bonds have a variable term. B. The face value of a bond is the amount to be paid at maturity. C. The maturity of a bond refers to the period over which payments are made. D. When interest rates rise, the present discounted value of a bond falls.
Consider the economy represented in Figure 7.4. If actual inflation was greater than anticipated inflation,
A. The Federal Reserve would be forced to step in to increase lending. B. Lenders would experience a decrease in real income. C. Lenders would experience an increase in real income. D. Borrowers would experience a decrease in real income.
Why is the demand curve horizontal for a perfectly competitive firm?
What will be an ideal response?