Which of the following is a positive statement?
a. The average high temperature in Miami, Florida in February is lower than the average high temperature in Chicago, Illinois.
b. An increase in cigarette smoking will lead to a decrease in the likelihood of getting lung cancer
c. 30 minutes of exercise three or more times per week will decrease the occurrence of heart disease.
d. all of the above
d
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Borrowing to pay for long-lived capital expenditures makes sense as
A) the benefits are received in the current year so the burden of paying for them should be spread over many years. B) the benefits are received over many years so the burden of paying for them should be spread over many years. C) the benefits are received in the current year so the burden of paying for them should be paid in the current year. D) the benefits are received over many years so the burden of paying for them should be paid in the current year.
When jobs are outsourced,
A. Unemployment increases significantly. B. Production possibilities expand. C. Corporations lose money. D. The economy begins to collapse.
Assuming the price level has not changed, how would an increase in the aggregate demand affect real GDP?
A) It only changes with changes in exports. B) It increases. C) It only changes with changes in imports. D) It decreases.
The United States has less income inequality than most other developed countries
a. True b. False Indicate whether the statement is true or false