On average, people in high-income countries ________ than people in low-income countries

A) have a shorter life expectancy
B) are subject to a higher infant mortality rate
C) are taller
D) are exposed to more severe diseases


Answer: C

Economics

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According to the quantity theory of money, deflation will occur if the

A) money supply is more than real GDP. B) money supply is less than real GDP. C) money supply grows at a slower rate than real GDP. D) money supply grows at a faster rate than real GDP.

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The only type of business that faces unlimited liability is a sole proprietorship

Indicate whether the statement is true or false

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Elasticities measure the response of one variable to random shocks from unknown factors

Indicate whether the statement is true or false

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A firm that sells at a price below average cost is losing money

a. True b. False Indicate whether the statement is true or false

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