During the 20th century, U.S. death rates
(a) exhibited the same cyclical waves as birth rates.
(b) fell with advancements in healthcare and medicine.
(c) exhibited an upward trend.
(d) generally stayed flat.
(b)
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Recessions are largely the result of
A) high wages. B) the wishful thinking of zero economic growth advocates. C) widespread and systemic errors from manipulated market signals. D) none of the above.
Robin owns a horse stables and riding academy and gives riding lessons for children at "pony camp.". Her business operates in a competitive industry. Robin gives riding lessons to 20 children per month. Her monthly total revenue is $4,000 . The marginal cost of pony camp is $200 per child. In order to maximize profits, Robin should
a. give riding lessons to more than 20 children per month. b. give riding lessons to fewer than 20 children per month. c. continue to give riding lessons to 20 children per month. d. We do not have enough information to answer the question.
The term "price supports" refers to a
a. shortage. b. surplus. c. price ceiling. d. price floor.
Why does the Dow Jones Industrial Average have a value over 15,000 when the 30 stocks that make up the index all have values less than $200 per share?
What will be an ideal response?