Which of the following statements is false?
A) Imports and exports account for over one-half of the GDP of the Netherlands.
B) China is the leading exporting country, accounting for 10.3 percent of total world exports.
C) Because the cost of labor used on farms is so high, the United States exports very little of its wheat, rice, and corn crops.
D) Japan is less dependent on foreign trade than is the United States.
C
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Public choice theory predicts that
a) voters are rationally ignorant b) voters are fully informed about the effects of policies c) governments make choices that achieve an efficient provision of public goods d) votes are based on reality, not perceptions
Net benefits of an alternative equal:
A) benefits minus costs. B) benefits divided by costs. C) the sum of benefits and costs. D) the product of benefits and costs.