Realists and economic structuralists contend that the composition of the UN Security Council is an example of which major problem in international law?
a. how laws are ultimately interpreted by the council
b. how agreements are made in the first place
c. how undesirable norms and values are spread
d. how weak or corrupt states are empowered
b. how agreements are made in the first place
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Other things being constant, if the marginal propensity to save (MPS) is 0.1, and private investment spending falls by $100 million, then real Gross Domestic Product (GDP)
A) increases by $1 billion. B) increases by $90 million. C) decreases by $1 billion. D) decreases by $10 million.
Developing countries are starting to converge with developed countries in the long run in what respect?
a. Growth rate b. Income inequality c. Population d. Per capita income
A government budget surplus
A) decreases a country's ability to finance domestic and foreign investment. B) increases a country's ability to finance domestic and foreign investment. C) increases a country's ability to finance domestic investment and decreases its ability to finance foreign investment. D) decreases a country's ability to finance domestic investment and increases its ability to finance foreign investment.
A market basket:
A. only includes housing, food, and clothing, but not things like transportation. B. looks like a really long shopping list for what firm's typically purchase. C. includes specific goods and services in fixed quantities that roughly correspond to a typical consumer's spending. D. is what an economist creates in order to understand purchasing trends of households and firms.