There Is Much World Concern Over the Deteriorating Condition of the Pyramids

question 32

Multiple Choice

There is much world concern over the deteriorating condition of the pyramids and other historical structures in Egypt.While people of all nations enjoy visiting these structures, there has been little financial support for preservation coming from within Egypt or from elsewhere.Economists would describe this as an example of

• A)an externality.
• B)a public good.
• C)a free-rider problem.
• D)imperfect information.

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Definitions:

Compensating Expatriate Managers

The process of determining and providing adequate financial and non-financial benefits to managers who are temporarily assigned to work in foreign countries.

Financially

Pertaining to finance or finances, often used to describe actions or conditions relating to the management, investment, or allocation of money and assets.

Temporary Foreign Workers

Individuals from other countries who have been granted permission to work in a host country for a limited period of time, often to fill labor shortages.

Agriculture

The practice of cultivating the land, producing crops, and raising livestock for human consumption and use.