An arms race is an example of a _____
a. positive externality
b. inframarginal positive externality
c. Coasean solution
d. prisoners' dilemma
d
Economics
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If the best lawyer in town is also the best at operating a word processor, then according to economic reasoning, this person should
A) split her time evenly between being a lawyer and a word processor. B) specialize in being a word processor because it is more capital-intensive. C) specialize in being a lawyer because its opportunity cost is lower. D) should pursue the activity she enjoys more.
Economics
Discuss how remittances can help reduce poverty and meet other development objectives in recipient nations?
What will be an ideal response?
Economics