The overall decline in death rates in the United States since 1981 was due to all of the following except
A) a decline in smoking.
B) the decline in the population.
C) the availability of new prescription drugs.
D) new surgical techniques.
Answer: B
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Which of the following is an asset of a family?
A. Mortgage B. Student loan C. Share of stock D. Unpaid credit card balance
Refer to the scenario above. Net exports of Lawland equal:
A) $680 billion. B) -$180 billion. C) -$210 billion. D) $1,820 billion.
Acquiring knowledge and skills by participating in the production process is called "learning by doing."
Indicate whether the statement is true or false
Economic profit is
A) equal to the firm's total revenue minus its opportunity costs. B) an opportunity cost of operating the firm. C) equal to the firm's total revenue minus its normal profit. D) the average return for supplying entrepreneurial ability.