Extractive institutions control political power to:

A) enforce property rights and an equitable legal system.
B) allow new businesses to enter and compete in a market.
C) transfer resources from the ruling party to society.
D) transfer resources from society to the ruling party.


D

Economics

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National income equals gross national product minus

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Analyze the effects of an increase in the European money supply on the dollar/euro exchange rate

What will be an ideal response?

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How are net exports, net factor payments from abroad, and the current account balance related?

What will be an ideal response?

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For many pure public goods like fireworks displays, weather forecasts, and television broadcasts the marginal cost of serving one more consumer is ________, and the optimal quantity of the public good occurs when ________. 

A. zero; provision is infinite. B. zero; the marginal benefit of the public good equals zero. C. greater than the average cost; the government provides the good. D. determined by average cost rather than marginal cost; price equals average cost.

Economics