_____ is the argument that with globalization, countries compete for international investment by offering low or no environmental regulations or labor standards
a. "Free rider problem"
b. "Tragedy of the commons"
c. "Race to the bottom"
d. "Flag of convenience"
e. "Enlightened self-interest"
c
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A price floor is:
A. a legal maximum price. B. a legal minimum price. C. a legal maximum quantity that can be sold at a particular price. D. a legal minimum quantity that can be sold at a particular price.
Explain the difference between a secured and an unsecured loan, and the interest rate you would expect to see charged on each (all other factors equal).
What will be an ideal response?
An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease
The level of output determined by the intersection of the short-run aggregate supply curve and the aggregate demand curve
A) may be above, below, or equal to full-employment output. B) is always above full-employment output. C) is always below full-employment output. D) always corresponds to full-employment output.