Most of the money that we pay to foreigners to finance our current accounts deficit
A. flows back to the U.S. in investment funds.
B. stays abroad where it circulates as currency.
C. ends up in the hands of drug dealers.
D. is used by foreign governments as reserves.
A. flows back to the U.S. in investment funds.
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The emergence of English as the de facto world language ________ a comparative advantage in the production of books, movies and popular music.
A. has given all countries B. has given non-English-speaking countries C. has no effect on which country has D. has given English-speaking countries
The underlying psychological foundation of individual choice and economic reasoning is:
A. focal point equilibrium. B. bounded rationality. C. generosity. D. self-interest.
How has economist Robert Fogel explained that economic growth is connected to life expectancy? Based on this connection, in what country would you expect to have a longer life expectancy, the United States or India? Explain
What will be an ideal response?
The problem of asymmetric information is that:
A. neither health care buyers nor providers are well-informed. B. health care providers are well-informed, but buyers are not. C. the outcomes of many complex medical procedures cannot be predicted. D. insurance companies are well-informed, but policy purchasers are not.