According to Joseph Stiglitz, the former chief economist of the World Bank, what is the choice poor countries currently face?
A. whether they should fund gas subsidies or health care subsidies
B. whether they should pay off their debts or invest in an army
C. whether they should pay off their debts or tackle corruption
D. whether they should pay off their debts or fund health care and education
Answer: D. whether they should pay off their debts or fund health care and education
Economics
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In perfect competition, the market demand for the good ________ perfectly elastic and the demand for the output of one firm ________ perfectly elastic
A) is; is B) is; is not C) is not; is D) is not; is not
Economics
What condition must be satisfied for the optimal level of a public good to be provided? Explain the problem of the optimal provision of public goods
What will be an ideal response?
Economics