Relative to the U.K., Japan, Germany, and France, life expectancy in the U.S. is
A. higher by more than ten years.
B. higher by one to five years.
C. lower by one to five years.
D. lower by more than ten years.
Answer: C
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In the short run, when production goes up what typically happens to total variable costs?
What will be an ideal response?
Because the products of firms in a monopolistically competitive market are not homogeneous, the
A) demand curve for the industry is the same for the firm. B) demand curve for the firm's product is horizontal. C) demand curve for the firm's product is downward sloping. D) demand curve for the firm's product is upward sloping.
An in-kind transfer payment is:
A. a benefit in the form of a good or service. B. made out of kindness. C. less costly to provide than a cash payment. D. a cash payment.
If the marginal product curve is increasing from workers 1-89 and then decreases steadily, crossing the horizontal axis at 190 workers, we know that
A. the total output curve is increasing at an increasing rate from workers 1-89, then increases at a decreasing rate until the 190th worker, after which it decreases. B. the total output curve increases from workers 1-89, decreases from workers 90-189, and becomes 0 at the 190th worker. C. the total output curve is increasing throughout, although at an increasing rate for the first 190 workers and at a decreasing rate after the 190th worker. D. diminishing marginal product sets in with the 190th worker.