One consequence of adverse selection in the market for used cars is that most used cars sold will be lemons

As productive capital goods are established in developing nations

A) developed nations will become less prosperous. B) these countries will experience higher rates of economic growth. C) portfolio investment will be replaced by loans from international aid agencies. D) they will be less likely to engage in international trade.

Which of the following has occurred for the United States since 1960?

A) The ratio of exports to GDP (X/Y) and the ratio of imports to GDP (IM/Y) have both increased. B) X/Y has increased while IM/Y has decreased. C) X/Y has decreased and IM/Y has increased. D) X/Y has decreased and IM/Y has decreased.