Structural problems associated with globalization are no longer a concern for policy makers or economists.
Answer the following statement true (T) or false (F)
False
The necessary adjustments have not taken place to allow the economy to fix the structural problems that have plagued it for the last 20 years; this has only made the problems associated with globalization a larger concern.
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Which of the following statements is true?
A) A nation's institution comprises of the rules and regulations in the nation, while a nation's culture comprises of the saving habits of its citizens. B) A nation's culture comprises of both the saving habits of its citizens and the rules and regulations in the nation. C) A nation's culture comprises of both the ongoing tax rate and the rules and regulations in the nation. D) A nation's culture comprises of the ongoing tax, while a nation's institutions comprises of the rules and regulations in the nation.
If a lower price for good X increases the demand for good Y, the cross elasticity value for the two goods is
A) negative. B) equal to zero. C) positive and less than one. D) positive and greater than one. E) possibly negative, positive, or zero, but there is not enough information to decide.