In the Eurozone, labor market integration (including labor mobility) between member nations is:
A) far ahead of the United States.
B) on par with the United States.
C) less than in the United States.
D) structured differently because in the Eurozone workers have better benefits.
Ans: C) less than in the United States.
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Why does the market not provide national defence?
a) It is impossible to prevent any single person from enjoying the benefit of national defence. b) The fixed cost of national defence is too high. c) The necessary resources for national defence are not available in the private sector. d) Private sectors are not willing to pay for it.
Which of the following statements, if any, is correct for a nation that is producing only consumer and capital goods?
A. Other things equal, the more consumer goods a nation produces, the greater will be its future growth rate. B. Other things equal, the more capital goods a nation produces, the greater will be its future growth rate. C. There is no general relationship between the current division of output between consumer and capital goods and the future growth rate. D. None of these statements is correct.