Is it possible to proactively prevent armed conflict in developing countries?
What will be an ideal response?
Adequate investment in well-functioning institutions, both legal and economic; and, global and regional actors who can play an important role of facilitator of conflicts and can reduce the incentive to engage in conflict. Detailed discussion on page 757–766 of the text.
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Allocative efficiency
a. is important for economic theory but not relevant to environmental policy b. calls for the equality of additional benefits and additional costs c. is automatically achieved when cost-effectiveness is achieved d. requires that the total costs to society linked to environmental policy are equivalent to the associated total benefits
The per-unit burden of the tax on sellers is
A. $8 B. $14 C. $6 D. $10
Refer to Figure 18.1. With an import ban, how many gloves are produced domestically in Duckland?
A. 100 B. 80 C. 60 D. 0
Which of the following statements are correct about the age-earnings cycle?
A) Earnings generally increase up till age 30 and then steadily decrease. B) Earnings increase throughout a prison's lifetime until they reach retirement. C) Earnings increase with age because workers become more productive as they age until around 50 years. Around 50 the effects of aging outweighs the further increases in productivity. D) Since every person is different we can reach no general conclusions about the age-earnings cycle.