Increased United States military expenditures and action in response to the terrorist attacks of September 11, 2001 suggest that military officials in the United States _____
a. could not wait to go to war
b. view the War on Terror as a negative externality
c. believe that military expenditures can act as a deterrent
d. are incompetent
c
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Some health insurance companies pay only 70%-80% of the medical cost incurred by their customers. What is the reason for this?
What will be an ideal response?
Fluctuating exchange rates can alter a multinational firm's profits and losses. The U.S. automobile manufacturer Tesla produces vehicles in the United States and sells them in Norway
(Norway is Tesla's largest overseas market.) If the dollar appreciates against the Norwegian krone, then Tesla's revenues from these operations should ________ and its profits from these operations should ________. A) fall; rise B) rise; fall C) rise; rise D) fall; fall
List and discuss three problems that might arise when using the Coase theorem.
What will be an ideal response?
How do economists sometimes measure physical capital in a country?
(A) The amount of roads and bridges per capita. (B) The number of computers that are available to businesses. (C) The amount of savings that the citizens have in the bank. (D) The number of telephones it has in relation to its population.