Which of the following statements is true?
A) Optimization in levels is often slower to implement than optimization in differences, as it considers only the aspects in which alternatives differ.
B) Optimization in differences is often faster than optimization in levels, as it considers all aspects of the feasible alternatives.
C) Optimization in levels is based on ordinal analysis.
D) Optimization in differences is based on marginal analysis.
D
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Common property often results in
A) a negative externality. B) a social benefit. C) more efficient production of goods. D) exclusive rights of ownership.
A suggested policy for industrially advanced countries to adopt to encourage economic growth in developing countries would be:
A. Cutting debt relief for DVCs B. Directing foreign aid to the more affluent DVCs C. Restricting immigration of low-skilled workers from DVCs D. Reducing tariffs and import quotas on labor-intensive products