Which of the following individuals is responsible for developing the permanent income theory of consumption?
A) Friedman
B) Modigliani
C) Keynes
D) Lucas
A
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According to Figure 5.1, the real interest rate is relatively low in ________
A) Brazil B) Turkey C) Argentina D) Japan E) Indonesia
If a firm is able to cover its variable costs by operating in the short run then, at its best output level, the
a. marginal revenue is equal to marginal cost b. vertical distance between MR and MC is maximized c. vertical distance between TR and TC is minimized d. marginal cost curve lies above the marginal revenue curve e. marginal cost curve is minimized
As of 2013, annual imports to the U.S. were approximately ____ and annual exports from the U.S. were approximately ____
a. $0.6 trillion; $1.5 trillion b. $2.2 trillion; $0.7 trillion c. $2.7 trillion; $2.3 trillion d. $1.5 trillion; $2.0 trillion e. $2.0 trillion; $2.0 trillion
Briefly discuss the role of International Monetary Fund loans in international efforts to address financial crises. Why have these loans been controversial?
What will be an ideal response?