Some nations that seek to produce all of their own needs face the problem that
a. they can deplete their natural resources faster as a result
b. some industries are too small to be efficient if restricted to their domestic markets alone.
c. the opportunity cost of producing some of their own goods is higher than that of trading with others for them.
d. all of the above are true.
d
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A tradable emissions permit program is efficient because the cap protects the environment while: a. generating substantial revenues for the government
b. keeping compliance and administration costs relatively low. c. while requiring the same response by each polluter. d. none of above
The "brain drain" problem in the DVCs refers to the fact the best-educated workers:
A. are reluctant to become entrepreneurs. B. are concentrated in rural areas where their skills are underutilized. C. often immigrate to industrialized countries. D. are reluctant to work in the public sector.