The view Dambisa Moyo promotes in her book "Dead Aid" is:
A. so much corruption and embezzlement exists around aid money, it causes more disruption and inefficiency than it helps.
B. aid distorts the marketplace, actually hurting local economies.
C. the intended recipients of the money rarely receive it and, when they do, oftentimes don't know how to use it efficiently to actually progress.
D. None of these statements is true.
B. aid distorts the marketplace, actually hurting local economies.
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In a market with asymmetric information, hidden actions exist if:
A) the buyer or the seller takes actions that are relevant for but not observed by, the other party. B) the production or consumption of the good being transacted gives rise to positive externalities. C) the production or consumption of the good being transacted gives rise to negative externalities. D) the production of the good being transacted involves a huge opportunity cost.
Autonomous consumption is defined as
A) the level of real consumption spending that is independent of real disposable income. B) the real consumption spending by the autonomous government. C) the level of real consumption spending that is equal to real disposable income. D) the consumption of foreign-made goods independent of exchange rates.
A hamburger costs $1.79 in New York and €2.54 in Paris. If the exchange rate is $0.93 per euro, what price difference exists in terms of the European currency?
a. The hamburger sells for €0.13 less in New York. b. The hamburger sells for €0.13 more in New York. c. The hamburger sells for €0.62 less in Paris. d. The hamburger sells for €0.62 more in Paris. e. The hamburger sells for the same price in both cities.
A clean environment is healthier than a polluted environment. Use the law of increasing costs to explain why even environmentalists might not advocate laws banning all pollution