What are inward-oriented policies? Do most economists recommend these types of policies to poor countries?
Inward-oriented policies are intended to make a country's people better off by avoiding interaction with the rest of the world. Most economists recommend outward-oriented policies to poor countries.
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In the year 2015, the United States spent about
A) 17 percent of GDP on health care. B) 100 percent of GDP on health care. C) 6 percent of GDP on health care. D) 2 percent of GDP on health care.
Katie is planning to sell her house, and she is considering making two upgrades to the house before listing it for sale. Replacing the carpeting will cost her $2,500 and replacing the roof will cost her $9,000 . Katie expects the new carpeting to increase the value of her house by $3,000 and the new roof to increase the value of her house by $7,000
a. She should make both improvements to her house. b. She should replace the carpeting but not replace the roof. c. She should replace the roof but not replace the carpeting. d. She should not make either improvement to her house.