An example of a capability considered in the capabilities approach would be:
A. to have the ability to purchase a luxury item you really want.
B. being able to afford appropriate healthcare required for a healthy life.
C. to be able to afford to travel freely.
D. to have adequate food and shelter.
Answer: D
Economics
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Voluntary export restraints
A) have the same effect as an import ban. B) violate the spirit of international trade agreements. C) are illegal under the international trading rules. D) all of the above.
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The slope of a producer's production possibilities frontier represents the producer's
A) sunk costs of production. B) average costs of production. C) marginal costs of production. D) total costs of production.
Economics