How do your authors explain the vast differences between the ...

[pepyto]

How do your authors explain the vast differences between the growth rates of the United States and India?
 
  A) The tremendous degree of central planning in the United States
  B) Exploitation of the poorer nation by the richer nation
  C) The problems of central planning in India
  D) The lack of central planning in India
  E) The strength of the union movement in the United States

Question 2

During the global financial crisis of 2008, as more people started selling their houses in fear of falling house prices, the house prices fell further. This is an example of a(n) ________.
 
  A) pecuniary externality
  B) positive externality
  C) information cascade
  D) moral hazard

[wergv]

Answer to Question 1

C

Answer to Question 2

C