When natural resources are not traded, or where markets are not allowed to function as well as they can under a system of well-defined property rights, the problems of ____ and ____ are common

Josh runs a landscaping business in Vermont and decides to hire two people in India to maintain his bookkeeping for him electronically. Josh can pay them much less than he would pay a bookkeeper in the U.S., and the workers enjoy a higher quality of life in India thanks to their jobs with Josh's company. Josh's actions are an example of:

A. foreign portfolio investment. B. foreign direct investment. C. importing. D. exporting.

Ticket “scalping” is an example of

A. experimental economics. B. the limitation of the volume of transactions. C. the development of a black market. D. favoritism.