Recently, the financial crisis led to a bank run in
a. Brazil.
b. Germany and France.
c. Japan.
d. England.
d
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What is the "most favored nation) principle of the wto?
a) it means that trading partners may choose a favorite nation to trade with b) it means that any nation can refuse to trade with another that is not its most favored nation c) it means that the WTO has the right to choose the nation that has performed best within the WTO guidelines as its most favored nation d) it means that every nation must grant the same rights and treatment to other nations in the WTO as its most favored nation
If the marginal propensity to consume (MPC) is 0.75, a $50 decrease in government spending, other things being equal, would cause equilibrium real GDP to:
a. increase by $50.
b. decrease by $50.
c. increase by $200.
d. decrease by $200.
In the long run, a decrease in money supply, with the velocity of money stable or not decreasing, results in inflation
Indicate whether the statement is true or false
The monopolistically competitive firm maximizes profit by producing to the point at which
A. MC = P. B. ATC = AVC. C. MR = AR. D. MC = MR.