As a percentage of GDP, non-military government purchases have remained very low and stable
a. True
b. False
A
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Which of the following is not one of the theories that have emerged as alternatives to the HO model?
A) The human skills theory. B) The product life cycle theory. C) The similarity of preferences theory. D) All of the above have been suggested as alternatives to the HO model.
France uses civil law
a. True b. False
What are the two reasons for the government to intervene in a market?
Individuals with more experience tend to earn more than individuals with less experience. This is because
A. it is only fair that a more-experienced worker be paid more than a less-experienced worker. B. experience on the job increases an individual's human capital. C. the government requires that more-experienced workers be paid more than less-experienced workers. D. experience is a compensating differential.