Author Question: The financial crises of the 1990s pointed out that small developing countries have a vulnerability ... (Read 80 times)

biggirl4568 · **on:** Jun 30, 2018

The financial crises of the 1990s pointed out that small developing countries have a vulnerability to globalization in terms of _____.
a. environment
b. labor standards
c. international capital flows
d. the judicial system
e. child labor

Question 2

Consider two goods-one that generates external benefits and another that generates external costs. A competitive market economy would tend to produce:
a. too much of both goods, relative to the social optimum.
b. too little of both goods, relative to the social optimum.
c. too much of the good that generates external benefits relative to the social optimum, and too little of the good that generates external costs.
d. too little of the good that generates external benefits relative to the social optimum, and too much of the good that generates external costs.