The argument that developing countries with lax environmental standards will attract foreign manufacturers who want to escape stricter standards in their own countries is known as the pollution havens hypothesis

The use of data in economic models is important because

A) the model's predictive value rests on supportive evidence from real-world data. B) the models are always complex in nature. C) models must analyze every possible angle of the problem. D) social problems analyzed by economists require long streams of data.

The phrase "capital formation" is synonymous with

a. investment spending. b. buying shares of stock. c. creating mutual funds. d. purchasing financial assets.