Which of the following statements is true?
a. World trade as a fraction of world GDP is much less than it was at the end of the 19th century.
b. War decreases the pace of globalization.
c. Large countries such as the U.S., Russia, and Japan have high scores in economic integration when measured against the criteria of Foreign Policy magazine.
d. Poor countries tend to have high scores in the personal contact area when measured against the criteria of Foreign Policy magazine.
e. The U.S. increased its international investments after the September 11, 2001 terrorist attacks to revive their economy.
b
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Which of the following might explain the evidence of an endowment effect in behavioral economics?
A) government regulation B) knowledge and experience C) the federal tax code D) class envy
Why is reliable data on the formation and survival of startups difficult to obtain?
The most appropriate level of government to provide public goods is:
A. dependent on the specific public good in question. B. local. C. state. D. federal.
When a nation experiences economic growth:
A) its production possibilities curve shifts outward. B) its production possibilities curve shifts inward. C) it has been able to reach full employment. D) it has moved to a more consumer-oriented position on its production possibilities curve.