The poorest 20 percent of the world's population receive what percentage of world income?
A. Less than 2 percent
B. About 4 percent
C. Around 8 percent
D. Close to 10 percent
A. Less than 2 percent
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The economic theory that emphasizes the role of difficulties in coordinating economic affairs as a cause of economic fluctuations is known as
A) investment cycle theory. B) real business cycle theory. C) technology shock theory. D) Keynesian economics.
Why do current account deficits always match financial account inflows?
What will be an ideal response?
In large companies it is often the case that
A) bureaucracy compliments performance. B) profits increase with market share. C) bureaucracy overwhelms performance. D) revenues increase faster than costs.
Which of the following factors explains why managers of government agencies (the public sector) have little incentive to operate efficiently?
a. It is relatively easy for voters to detect operational inefficiency in the public sector and do something to correct it. b. Public-sector managers face fierce competition. c. Public-sector managers have no fear of losses and bankruptcy when operational efficiency is not achieved. d. All of the above explain why government agencies have little incentive to be efficient.