What measures would likely lower infant mortality rates in the United States?
a. Prenatal care programs in low-income neighborhoods.
b. Reduced drug use among expectant mothers.
c. Better nutrition.
d. Delaying childbearing beyond the teen-age years.
e. All of the above.
E
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The total amount of consumer surplus in a market is equal to the area below the market demand curve and above the market price
Indicate whether the statement is true or false
Compensatory damages are meant to reimburse for:
a. actual losses, economic in nature b. actual losses, noneconomic in nature c. the wrongful behavior causing injury d. all of the above e. a and b only
Under what conditions is it likely that the labor supply curve may become backward bending? What roles do the income and substitution effects play?
When prices are rising:
A. the Lespeyres index tends to overstate the increase in the cost of living because of the substitution bias. B. the Lespeyres index tends to understate the increase in the cost of living because of the substitution bias. C. the Lespeyres index tends to overstate the increase in the cost of living because of the compensating variation bias. D. the Lespeyres index tends to understate the increase in the cost of living because of the consumer preference bias.