For most macroeconomists
A) gross national income and gross national product are the same.
B) gross national income exceeds gross national product.
C) gross national product exceeds gross national product.
D) it is hard to tell whether gross national income equal gross national product.
E) gross national product is much more important than gross national income.
A
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__________ occurs because firms have an incentive to become riskier after their loans are funded
A) Moral hazard B) Adverse selection C) Manager-stockholder conflict D) Manager-lender conflict
Which of the following is not a probable consequence of food aid to developing countries?
a. Increased domestic food prices b. Declining domestic output c. Misallocation of food supplies d. Increased dependency on foreign food supplies e. Increased starvation of the needy