A change in economic output is potentially efficient
A. only if no one is made worse off.
B. if the value of the resulting gains exceeds the value of the resulting losses.
C. if the value of the resulting gains is less than the value of the resulting losses.
D. if the value of the resulting gains exactly equals the value of the resulting losses.
Answer: B
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It is still the conventional wisdom in the U.S. that compliance with NAFTA requirements is having a deleterious effect on U.S. highway safety standards, on U.S. pollution and other environmental standards, and on U.S. jobs
What facts would proponents of an expansion of NAFTA (e.g., to include all of Central and South American countries) need to marshall in order to convince you?
All of the following are limitations of direct consumer surveys except:
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The term "transportation revolution" implies:
a. binding the East and West politically. b. binding the East and West economically. c. rapidly introduced technological innovations. d. All of the above are implied.
A set of external motivators that explain people's choices. Schools have an incentive to help their students graduate because they get funding for having students graduate. You need to find the right incentive for the money to be spent effectively. Health care doesn't need more money, it needs better incentives for patients, insurers, doctors and hospitals to get better outcomes.