The capabilities approach considers:
A. how much total output changes over time in a society.
B. what people can be and how much people can do over time in a society.
C. how much human capital improves over time in a society.
D. how much human capital one society has relative to another.
B. what people can be and how much people can do over time in a society.
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Why do the owners of good-quality used cars stay away from the market for used cars?
What will be an ideal response?
Refer to the production possibilities frontier in the figure above. If the country moves from point a to point c, the opportunity cost of the move is
A) 30 million capital goods. B) 20 million capital goods. C) 10 million capital goods. D) 10 million consumption goods.
If the current account balance is -$100 billion and the capital and financial account balance is $80 billion, then the official settlement account balance is
A) -$20 billion. B) $20 billion. C) always 0. D) impossible to determine with the information given.
From Elizabeth I to George III, England strongly influenced the institutional structure of colonial America. This influence is realized today on which of the following fronts?
(a) Private property rights (b) The role of international trade and finance in the U.S. economy (c) Population growth through immigration (d) All of the above