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
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National income equals gross national product minus
A) inventories. B) changes in inventories. C) depreciation. D) imports.
Analyze the effects of an increase in the European money supply on the dollar/euro exchange rate
What will be an ideal response?
How are net exports, net factor payments from abroad, and the current account balance related?
What will be an ideal response?
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.