Compared with other countries in the OECD, French government spending relative to GDP is
A) among the highest.
B) about average.
C) slightly below average.
D) among the lowest.
A
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One answer to the problem of natural monopoly is provision of the good by a government-owned and operated firm. Why is that option not used very often?
Transactions costs prevent purchasing power parity from holding because:
A. they include the expense of transporting the goods to be sold in another country. B. they make creating exchanges too costly in some places. C. the price of a good sold in another country must include the cost of getting it there, which can be high and cause a large price differential. D. All of these statements are true.
Uncertainty costs arise from inflation because inflation makes long-term planning ________ so people respond by ________ investment
A) less difficult; not changing B) less difficult; increasing C) more difficult; increasing D) more difficult; decreasing E) more difficult; not changing