A. Be under provided in the free market
B. Be over provided in the free market
C. Not be provided in the free market
D. Has no opportunity cost
A. A price fall
B. A price increase
C. Excess supply
D. Excess demand
A. the WTO
B. the GATT
C. the IMF
D. the World Bank
A. Modeling
B. Motivation
C. Perception
D. Learning
A. a situation in which those receiving state benefits may be almost no better off if they choose to work more to earn more income for themselves and their families because doing so will mean they have to pay back the benefits they have previously received
B. a situation in which workers are unable to find jobs.
C. a situation in which those receiving state benefits may be almost no better off if they choose to work more to earn more because doing so will reduce the amount of benefit income to which they are entitled and increase the amount to tax
D. a situation in which those receiving state benefits are discriminated against by employers and so find it more difficult to find jobs.
A. multinational corporation
B. international joint venture
C. horizontal merger
D. vertical merger
A. Increase in nominal GNP
B. Increase in real GNP
C. Increase in personal income
D. Increase in government revenue