Author Question: Pick the scarce good below with the completely inelastic demand curve. A) Clean air B) Clean ... (Read 332 times)

kodithompson · **on:** Jun 29, 2018

Pick the scarce good below with the completely inelastic demand curve.

A) Clean air
B) Clean water
C) Tropical rain forests
D) Well-maintained national-forest fisheries
E) Trick question: none of the above goods have a completely inelastic demand curve.

Question 2

What does the term conditionality mean in respect to the policies of the International Monetary Fund (IMF)?

A) The IMF will grant loans to any country that seeks them.
B) The IMF will cut off loans to a country unless it meets certain specified policy goals regarding budget deficits, inflation, and other macroeconomic concerns.
C) The IMF will work with a country only if country destroys its own fiat money and instead adopts the euro.
D) The IMF will assist any foreign country that supports the military policies of the U.S. and Great Britain.