One of the largest challenges with foreign aid today is:
A. severely diminishes some nations' ability to help their own citizens.
B. raising enough of it to have any significant impact on the market.
C. countries' overreliance on it removing incentives to better themselves.
D. finding ways to ensure it is going to the best uses possible.
Answer: D
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If the market for a good or service is competitive,
a. there are many independent buyers and sellers b. buyers and sellers have no control over price c. there are no entry barriers d. all of the above
Which of the following statements about migration is not true?
A. Migration is greater among younger workers compared to older workers because older workers have less time over which to benefit from the returns to migration. B. Migration is greater among married couples compared to single-person households because migration costs are less for married couples. C. Migration is greater among people who like the adventure of moving compared to people who do not like the adventure of moving because the psychic costs of moving are less for those who enjoy moving. D. A tied-stayer is someone who would move if he or she were single. E. Migration is greater among highly educated workers compared to less educated workers because the returns to education for highly educated workers vary more from location to location than for workers with low levels of education.
Supply-side tax cuts designed to increase investment spending are attractive in theory, but in practice
A. the effect is the opposite of what theory suggests. B. are less useful, because they take a long time to increase the capital stock. C. they have no effect on the capital stock in the short or long run. D. are powerful in the short run as capital stock rapidly increases, but the effect tapers off in the long run.
Which of the following is explained by the law of diminishing marginal utility?
A) The marginal utility of Isabel's second bottle of Coca-Cola is greater than the marginal utility of her third bottle of Coca-Cola. B) The marginal utility of Isabel's second bottle of Coca-Cola is greater than the marginal utility of her third pretzel. C) The marginal utility of Isabel's second bottle of Coca-Cola is greater than the marginal utility of her friend Margie's third pretzel. D) The total utility of one bottle of Coca-Cola is greater than the total utility of two bottles of Coca-Cola.