Changes in the health of the average person are an important indicator of changes in the standard of living
Indicate whether the statement is true or false
TRUE
You might also like to view...
Kaitlyn and Larissa have formed a dog bathing and grooming business business. The number of dogs they can bathe or groom in any given day is depicted in Table 2.1. The opportunity cost of grooming the first dog in a day is bathing ________ dog(s)
A) 1 B) 2 C) 24 D) 25
What is a cartel?
What will be an ideal response?
The above figure shows the labor market in an undeveloped nation. If the minimum wage is set at $5.00 per hour, what effect will it have on the market for low-skilled labor?
A) The minimum wage will have no effect when set above the equilibrium wage rate. B) The minimum wage will create a surplus of low-skilled labor. C) The minimum wage will create a shortage of low-skilled labor. D) The minimum wage will attract more labor to the low-skilled labor market and cause the wage rate to fall.
A financial crisis brought on by volatile capital flows
A) is usually inevitable given underlying conditions. B) does not happen to countries with strong international positions. C) is often preceded by capital inflows and an increase in foreign liabilities. D) is usually the result of high budget deficits.