A global network that provides knowledge and resources to developing countries is called the:
A. International Resource Fund.
B. World Bank.
C. World Trade Organization.
D. United Nations Development Program.
Answer: D
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A market
a. is often a physical place b. facilitates exchanges between buyers and sellers c. typically involves monetary transactions d. might not have well-defined geographical limits e. all of the above
To close a recessionary gap, the government can:
a. employ an expansionary fiscal policy that will shift the aggregate demand curve to the right. b. employ a contractionary fiscal policy that will shift the aggregate demand curve to the right. c. employ a contractionary fiscal policy that will shift the aggregate demand curve to the left. d. employ an expansionary fiscal policy that will shift the aggregate demand curve to the left.
When judging the competitiveness of markets by the behavior of firms in that market, one is using the:
A. "judgment by structure" criteria. B. "judgment by antitrust" criteria. C. "judgment by performance" criteria. D. "judgment by merger" criteria.
A company manufacturing shirts for a department store decides to create a new style of cotton shirt. The company would most likely produce shirts that will
A. sell at a high price. B. be less costly to create. C. use a nonrenewable resource. D. satisfy the wants and needs of consumers.