The branch of economics that attempts to understand the outcomes observed in the public sector by examining the incentives faced by the individual actors involved (such as voters, politicians, and bureaucrats) is known as

If consumer purchases of a good are not very sensitive to the price of the good, economists say the demand for the good is relatively

a. inelastic. b. elastic. c. robust. d. inverse.

A nation is called a lender if

A. its net stock of foreign assets is positive. B. its current account is in surplus during a time period. C. its current account is balanced during a time period. D. its financial account is in surplus during a time period.