Which of the following looks at the demand side of the market to explain some of the observed international trade patterns?
a. The theory of consumer preferences
b. The factor abundance theory
c. The product life cycle theory
d. The Ricardian model
e. The human skills approach
Question 2
The free rider problem suggests that a producer will tend to:
a. produce more than the optimal quantity of a public good.
b. produce less than the optimal quantity of a public good.
c. produce the optimal quantity of a public good if it is funded out of tax revenue.
d. do none of the above.
Greenstick Only one side of the shaft is broken, and the other is bent (like a greenstick); usually
The declining age of menarche over the past 150 years has been measured in many European countries,
A slave market in Marrakesh, Morocco. This lithograph is from the 1800s.
Marginal Supply - Demand Curve
Social scientists have not done well at devising theories to explain lovely romantic moments