Most doctors and hospitals operate as private businesses in all of the following countries except
A) the United Kingdom. B) the United States.
C) Japan. D) Canada.
A
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What are the common characteristics of developing countries?
What will be an ideal response?
The difference between the interest income or receipts earned on investments in the rest of the world by the residents of a given country and the payments to foreigners on investments they have made in the given country is called:
A) unilateral transfers. B) bilateral transfers. C) net investment income. D) gross investment income.
Which of the following is an explanation for why some poor countries suffer from lower productivity growth?
a. Too much saving has lead to the accumulation of capital in poor countries. b. The adoption of technology too quickly hurts the labor force in poor countries. c. Primary education is universal in poor countries. d. Poor countries have lower capital stocks.
The main reason barter is extremely inefficient is that:
A. it can have very high transactions costs associated with it. B. you have to find someone who both has what you want and wants what you have. C. people and firms have to spend a lot of time looking for mutually agreeable trades. D. All of these are true.