Your text mentions several ways that international trade flows are qualitatively different than they were a century ago. Which of the following is NOT one of those ways?
A) Manufactured goods are more important than the were in the past.
B) Firms' investment spending on capital goods is more important than in the past.
C) International trade in raw commodities and agricultural products is more important than it was in the past.
D) It is possible to trade some types of services in a way that was not possible in the past.
E) Multinational corporations play a bigger role in production than they did in the past.
C
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Linda noticed that ever since her brother bought theft insurance for his car, he keeps forgetting to lock his car. Her brother's behavior is an example of ________
A) adverse selection B) moral hazard C) a positive externality D) a pecuniary externality
Refer to Table 18-1. Suppose a series of votes are taken in which each pair of alternatives is considered in turn. If the vote is between allocating funds to subsidies for education and research on Alzheimer's
A) Ivy and Rose vote for education subsidies, Jasmine votes for Alzheimer's research, and education subsidies wins. B) Jasmine and Rose vote for Alzheimer's research, Ivy votes for education subsidies, and Alzheimer's research wins. C) Ivy and Jasmine vote for education subsidies, Rose votes for Alzheimer's research, and education subsidies wins. D) Jasmine and Ivy vote for Alzheimer's research, Rose votes for education subsidies, and Alzheimer's research wins.
Which government program would be considered an "entitlement" program?
A) national defense B) subsidies for mass transportation C) law enforcement in major U.S. cities D) Social Security
Due to Pigou’s “defective telescopic faculty,” a market economy is inefficient in allocating resources between the present and the future.
Answer the following statement true (T) or false (F)