Aid is considered "tied" when it is
a. provided for restricted purposes
b. required to be used for purchases from the donor country
c. provided in exchange for the recipient's support in the United Nations
d. required to be used solely for either public or private projects
e. none of the above
B
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If actual reserves are 100 when deposits are 400, then definitely the desired reserve ratio is 0.25
Indicate whether the statement is true or false
If potential GDP is equal to $600 billion, what does the long-run aggregate supply curve look like?
A) It is a vertical line at a level of GDP above $600 billion. B) It is a vertical line at $600 billion of GDP. C) It is a horizontal line at $600 billion of GDP. D) It is a vertical line at a level of GDP below $600 billion.
Carl is considering attending a concert with a ticket price of $35 . He estimates that the cost of driving to the concert and parking there will total an additional $20 . In order to attend the concert, Carl will have to take time off from his part-time job and forgo studying for an exam scheduled for the next morning. He estimates that he will lose 3 hours at work, at a wage of $6 per hour, plus
2 hours of study time. Carl's opportunity cost of attending the concert equals a. $73 plus the value of the higher exam grade he could earn by studying longer b. $73 c. $35 plus the value of the higher exam grade he could earn by studying longer d. $35 e. $55 plus the value of the higher exam grade he could earn by studying longer
Would a profit-maximizing firm sell at a price where demand is inelastic? Explain