List two implications of rent-seeking behavior
What will be an ideal response?
(1.) Rent-seeking behavior consumes resources.
(2.) The government becomes a tool of the rent seeker.
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The CPI in year one equaled 1.45. The CPI in year two equaled 1.51. The rate of inflation between years one and two was ________ percent.
A. 6.0 B. 4.0 C. 4.1 D. 4.5
Women bear a disproportionate burden in the agrarian system of Sub-Saharan Africa, Asia and Latin America. In addition their productivity is low. Explain these statements with specific examples from individual developing economies
What measures/policies have been implemented to deal with these two issues? Once again discuss with specific examples from individual developing economies.
The expenditure schedule will shift upward when
a. net exports decrease. b. net exports increase. c. total imports increase. d. total exports decrease.
The Cost-Benefit Principle predicts that:
A. no one will perform volunteer services. B. benefits are more important than costs in making a decision. C. people will tend to do more of something when its benefits are greater. D. people will always take the highest-paying job they are offered.