The __________ gives loans to medium-income, creditworthy countries, and the ________ gives aid to poorer countries.
A. IDA; UNDP
B. IDA; IBRD
C. IBRD; IDA
D. UNDP; IBRD
C. IBRD; IDA
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Inflation is a rise in
A. the general level of prices over time. B. unemployment over time. C. real GDP over time. D. the standard of living over time.
Refer to Table 2-1. Assume Dina's Diner only produces sliders and hot wings. A combination of 20 sliders and 60 hot wings would appear
A) along Dina's production possibilities frontier. B) inside Dina's production possibilities frontier. C) outside Dina's production possibilities frontier. D) at the vertical intercept of Dina's production possibilities frontier.
Explain the concept of the law of increasing additional cost
What will be an ideal response?
If the supply curve is perfectly inelastic and an excise tax is imposed
a. all of the tax is paid by buyers b. all of the tax is paid by sellers c. the market price will rise by the amount of the tax d. the market price will fall by the amount of the tax e. the tax is divided equally between buyers and sellers