The United States, as a bilateral aid donor
a. ranks high in amount and high as a percentage of GDP
b. ranks low in amount and high as a percentage of GDP
c. ranks high in amount and low as a percentage of GDP
d. ranks low in amount and low as a percentage of GDP
e. is not ranked because all its aid is provided through the World Bank
C
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When production of a good results in an external cost, the unregulated competitive market equilibrium quantity is
A) the efficient level of output. B) greater than the efficient level of output. C) not zero but is less than the efficient level of output. D) unattainable. E) zero.
When prices are allowed to fluctuate after a crisis, such as Hurricane Katrina, the high prices
A) provide information to suppliers about where goods and services are most highly desired. B) are evidence of price gouging. C) justify government intervention. D) All of the above.