Which of the following refers to when legislators trade votes on legislation?
a. the shortsightedness effect
b. the special-interest effect
c. rational-ignorance effect
d. logrolling
D
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Which of the following multinational firms would not be defined as strictly an American corporation?
A. Apple. B. Ford Motor Company. C. Honda Motor Company. D. Nissan Motor Company. E. All of these would not be defined as strictly an American corporation.
When net capital flows are positive
A) net foreign investment is negative. B) capital inflows are greater than capital outflows. C) capital outflows are greater than capital inflows. D) A and B are both correct.
Economic rent is defined as
a. the opportunity cost of a resource b. the payment to a resource in excess of its opportunity cost c. opportunity cost d. total earnings e. the part of a homeowner's housing that is included in GDP accounts
External effects from a transaction indicate there is a misalignment between private and social benefits or costs.
Answer the following statement true (T) or false (F)