Which of the following is not included in the rules of the game?
a. The laws, customs, conventions, and other institutional elements associated with trade
b. Property rights
c. Ensuring that the market process generates a fair price for all
d. A stable political environment
e. A stable legal system
c
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An externality exists when
A) goods are sold in specific geographic locations. B) some of the benefits or costs associated with a good are borne by third parties. C) the government taxes a good. D) the government subsidizes a good.
If a country has a net capital inflow, it is almost certainly experiences both capital inflows and capital outflows
a. True b. False Indicate whether the statement is true or false
Congress trimmed funding for TSA by $____________ this year and the agency cut _______ screener positions.
Fill in the blank(s) with the appropriate word(s).
opportunity cost
What will be an ideal response?