Joe Doakes is running for reelection. Economic theory predicts he has a strong incentive to
A) heavily discount the value of all future costs of his policies.
B) try to provide as many benefits to his constituents as possible prior to the next election day.
C) do both A and B above.
D) do none of the above.
C
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According to this Application, workers in the EU were more productive than workers in Latvia in the 1990s, yet despite this, EU nations chose to trade with Latvia. Engaging in trade with Latvia allowed ________ to become more productive
A) workers in Latvia but not workers in the EU B) neither workers in the EU nor in Latvia C) workers in the EU but not workers in Latvia D) workers in both the EU and in Latvia
If there were no adverse selection problems in the stock market,
A) some well-run firms would pay more to raise funds. B) some poorly-run firms would pay less to raise funds. C) the willingness of savers to invest in the market would be increased. D) the volume of new stock issues would be lower.
Describe several components of the institutional environment in the high-growth Asian economies that are critical to their success
What will be an ideal response?
A product with qualities that consumers lack the expertise to assess without assistance is called a(n)
A. credence good. B. experience good. C. inferior good. D. search good.