What is a situation in which two or more actors have a common interest but cannot automatically collaborate to achieve it?
a. a collective action problem
b. a relative gains problem
c. a transnational problem
d. a sustainability problem
a. a collective action problem
Economics
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If a consumer's budget line for food (F) and shelter (S) is represented as F = 250 - 5S, we know that
A) the consumer's income is 250. B) the price of shelter is 5. C) the price of shelter is 5 times the price of food. D) All of the above.
Economics
Research studies indicate that:
A. U.S. producers gain more from tariffs than U.S. consumers lose. B. the costs of trade restrictions are proportionately higher for high-income groups than for low-income groups. C. the revenue from tariffs equals the total cost that tariffs impose on consumers. D. U.S. consumers lose more from tariffs than U.S. producers gain.
Economics