According to Nobel Prize winning economist Joseph Stiglitz
A. over the years the IMF has markedly changed.
B. the IMF was founded on the belief that markets often worked badly.
C. the IMF now champions the free market as the best way to run an economy.
D. All of the choices are true.
D. All of the choices are true.
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Suppose the price elasticity of demand for Mexican food is 1.23 and the price elasticity of supply is 0.47. If the government imposes a tax on Mexican food, do buyers or sellers pay most of the tax? Why?
What will be an ideal response?
The U.S. income-maintenance program consists of two kinds of programs. They are:
A. the minimum wage law and Social Security. B. antidiscrimination law and education and training programs. C. social insurance and public assistance, or "welfare." D. progressive income taxes and transfer payments.