Which of the following statements best describes the problems faced by workers in low- income countries?
a. The real problem for many workers in low-income countries is that globalization has made their lives worse, and that they have so few good life alternatives.
b. The real problem for many workers in low-income countries is that globalization has made their lives worse, although it has created a few good life alternatives.
c. The real problem for many workers in low-income countries is not that globalization has made their lives worse, but rather that they now have so many life alternatives.
d. The real problem for many workers in low-income countries is not that globalization has made their lives worse, but rather that they have so few good life alternatives.
d. The real problem for many workers in low-income countries is not that globalization has made their lives worse, but rather that they have so few good life alternatives.
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The world rate of population growth is closest to
(a) 1%. (b) 2%. (c) 3%. (d) 4%.
M2 includes
A) large-denomination time deposits. B) institutional MMMFs. C) commercial paper. D) M1.
The opportunity cost of owner-provided labor is the
A) wage rate paid to the owner. B) explicit part of the wage rate paid to the owner. C) salary the owner could have made if she worked at her best alternative job. D) profit after all of the bills have been paid.
The fastest growing category of government expenditure is
A) grants to state and local governments. B) defense spending. C) transfer payments. D) government purchases.