Which of the following is not an example of foreign aid?
a. U.S. discount department stores purchasing toys from Chinese manufacturers
b. The International Monetary Fund extending loans to countries that have trouble with their balance of payments
c. The World Bank providing loans and grants to support health and education programs
d. The U.S. government paying to build an electricity plant in Albania
e. The Australian government paying to repair highways in Tonga
A
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All of the following methods were used to raise funds to finance the Civil War (1861–1865) except
(a) An income tax (b) The printing of paper money (c) Taxes on prostitution (d) Taxes on whiskey and beer
Choose the letter of the diagram in Figure 3.1 that best describes the type of shift that would occur in each situation for the market listed on the left, ceteris paribus. Figure 3.1 Shifts of Supply and Demand Candy bars: People become more health-conscious and prefer vegetables instead of candy bars.
A. A. B. B. C. C. D. D.