The number one cause of death in the United States was _______ in 1980. By 2014, it was _______.
a. AIDS; cancer
b. heart disease; heart disease
c. cancer; stroke
d. homicide and accidents; adult onset diabetes
e. stroke; pneumonia and influenza
b. heart disease; heart disease
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According to the liquidity premium theory of the term structure, a downward sloping yield curve indicates that short-term interest rates are expected to
A) rise in the future. B) remain unchanged in the future. C) decline moderately in the future. D) decline sharply in the future.
Education and training of workers would best be categorized as
A) land. B) labor. C) physical capital. D) human capital.
Giving up consumption today for consumption tomorrow accelerates economic growth by
A) having the economy produce no consumer goods. B) increasing saving out of disposable income. C) increasing the expected rate of inflation. D) rapid expansion of the money supply.
Andre, a wheat farmer, is deciding whether or not to add fertilizer to his crops. If he adds 1 pound of fertilizer per acre, the value of the resulting crops rises from $80 to $100 per acre. According to marginal analysis, Andre should add fertilizer if it costs less than
a. $12.50 per pound. b. $20 per pound. c. $80 per pound. d. $100 per pound.