Which of the following is not an example of microfinance?
A. A loan to a small restaurant owner to buy a refrigerator.
B. A loan to a U.S.-owned electronics company to expand overseas.
C. A loan to a woman to buy a sewing machine to make clothes to sell.
D. A loan to a farmer for a goat that will give milk that the farmer can sell.
Answer: B
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Compared to the size of GDP in 2014, the net national debt was approximately
a. 10% as large. b. 33% as large. c. 60% as large. d. about twice as large.
When the government enacts policies to redistribute income,
a. the objective is to enhance efficiency and a side effect is that the allocation of resources becomes more equal. b. the objective is to enhance efficiency and a side effect is that the allocation of resources becomes less equal. c. the objective is to enhance equality and a side effect is that the allocation of resources becomes more efficient. d. the objective is to enhance equality and a side effect is that the allocation of resources becomes less efficient.
Which of the following does NOT follow from the theory of efficient markets
A. no one consistently outperforms the market B. short-run stock price changes are unpredictable C. careful stock research will increase investment returns D. stock prices incorporate all available information
The $787-billion stimulus package enacted by the Federal government in 2009 to try to deal with the Great Recession was intended to:
A. Shift the aggregate expenditures schedule down B. Close an inflationary expenditures-gap C. Bring inflation down D. Push the aggregate expenditures schedule upward