Both the International Monetary Fund and the World Bank were established
A. in the 1970s.
B. at the end of World War II.
C. at the end of World War I.
D. at the end of Korean War.
Answer: B
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A ________ monopoly sells different units of its good or service for ________
A) price-discriminating; different prices B) price-discriminating; the same price C) single-price; the same price D) single-price; different prices E) Both Answers A and C are correct.
In Figure 3-4 above, the multiplier is
A) 2.5. B) 0.6. C) 0.4. D) 1.67. E) 1.5.
Which welfare program allows the working poor to receive income refunds that can be greater than the taxes they paid during the last year?
a. SSI b. TANF c. EITC d. Medicaid
Good A has an income elasticity equal to 1.0 and a cross price elasticity with respect to Good B of -0.6 . Then: a. Good A is an inferior good and Goods A and B are substitutes. b. Good A is an inferior good and Goods A and B are complements. c. Good A is a normal good and Goods A and B are substitutes
d. Good A is a normal good and Goods A and B are complements.