Most of the migration in the world involves people who are moving from countries with relatively ____ GDP per capita to countries with relatively _____ GDP per capita.
a. high; low
b. low; low
c. low; high
d. high; high
c. low; high
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Drivers who enter an expressway during the rush hour create negative externalities whenever they
A) could have taken another route. B) drive under the speed limit. C) fail to yield as they merge. D) have no other passengers in their vehicles. E) inadvertently slow down all the drivers behind them.
An advantage of discretionary policy might be that ________
A) it has been shown to be more efficient than rules B) it is more flexible than rules C) it requires a binding plan in advance to deal with economic problems D) all of the above E) none of the above
A shortcoming of swaps that has led to the domination of the swaps market by large firms and financial institutions is
A) the lack of privacy. B) need to assess creditworthiness. C) desire for more flexibility. D) limited size of the market.
Advertising claiming superior quality of a product makes its demand
a. More elastic b. Less elastic c. Perfectly elastic d. None of the above