The form of contracting used throughout much of Asia:
a. relational contracting
b. civil law
c. criminalizing civil offenses
d. common law
e. all of the above
A
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Monopoly powers given to domestic utility companies to create economies-of-scale might unintentionally
A) be an obstacle to increased international trade. B) be useful for the creation of a comparative advantage for the domestic country. C) not be used for rent-seeking behaviors. D) be a positive externality for the world as a whole. E) None of the above.
The argument that developing countries with lax environmental standards will attract foreign manufacturers who want to escape stricter standards in their own countries is known as the pollution havens hypothesis
Indicate whether the statement is true or false
Which of the following is a component of net domestic product (NDP), but NOT of national income?
A. indirect business taxes B. personal taxes C. corporate taxes D. capital consumption allowance
Expansionary monetary policy is designed to stimulate the economy by increasing the money supply, but not create much inflationary pressure
Indicate whether the statement is true or false