The International Monetary Fund (IMF) is an international organization designed to
A) promote world economic growth via loans to developed nations.
B) promote world economic growth by means of greater financial stability.
C) circulate a single currency worldwide.
D) act as the world's central bank.
B
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An investment tax credit ________
A) is designed to incentivize higher capital stock expenditures at any given interest rate B) may lead to increases in autonomous investment C) may put upward pressure on the interest rate D) all of the above E) none of the above
When drawn against the current real wage, the labor demand curve shift to the right if
A) the interest rate increases. B) current taxes increase. C) total factor productivity increases. D) future capital increases.
Which of the following would be a human capital investment?
a. On-the-job training programs. b. Health care programs. c. Formal education. d. All of these.
Suppose that the EPA has proposed strict controls on the amount of sulfur that diesel fuel contains. These controls were designed to fully offset the cost of pollution generated by diesel fuel vehicles. The effect of the regulation is estimated to increase the equilibrium price of a gallon of diesel fuel by 10 cents. Assuming that the supply of diesel fuel has a positive slope and demand has a negative slope, one can infer that the EPA determined that:
A. the external cost of using diesel fuel is greater than 10 cents. B. the external cost of using diesel fuel is less than 10 cents. C. the external benefit of using diesel fuel is less than 10 cents. D. the external cost of using diesel fuel is equal to 10 cents.