Based on U.S. law that requiring organs to be donated, the supply curve for human organs currently is:
a. elastic
b. perfectly inelastic.
c. unit elastic.
d. perfectly elastic.
b
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If domestic saving exceeds investment, there will be a current account surplus
Indicate whether the statement is true or false
The process of globalization has ________
A) decreased inequality B) increased inequality C) had little measurable effect on income inequality D) has increased income inequality in developing countries but decreased inequality in developed countries
Which agreement was signed in 1944 with the purpose of creating a new international payment system?
A) Philadelphia Accord B) Bretton Woods C) Camp David D) Lake Geneva
According to public choice theory, why might government policy benefit only a narrow interest group?
a. If the benefits to the narrow interest group are relatively large, they have an incentive to invest a lot of money and effort in lobbying government. b. If the costs of this policy are spread out among the general population, and are a very small burden for anyone person, then those paying the costs have little incentive to organize opposition. c. Both a. and b. are correct. d. None of the above is correct.