Over the past 160 years in the United States, life expectancy
A) increased up to the 1950s and then declined for the next 60 years.
B) has more than doubled.
C) has slightly declined.
D) has remained fairly constant.
B
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Refer to Figure 4-9. What is the area that represents producer surplus after the imposition of the price floor?
A) B + E + F B) A + B + E C) B + E D) B + C + D + E
If Slick Shades, a sunglasses manufacturer, merges with Best Lens, a lens manufacturer, and the combined firm is able to reduce the number of human resource departments from two to one, the merger created ________.
A) a hold-up problem B) synergies C) technological interdependencies D) managerial diseconomies
The duopolists' dilemma refers to the situation in which:
A. duopolists would be better off maintaining high prices but face an incentive to choose a low price. B. duopolists can only earn high profits by breaking the law. C. duopolists who are engaged in price fixing have an incentive to report the behavior to the government. D. duopolists do not have a dominant strategy.
The aggregate consumption function is C = 150 + 0.75Yd. If income is $500 and net taxes are zero, consumption equals
A. 275. B. 350. C. 525. D. 650.