How can improvements in health increase a country's total income?
What will be an ideal response?
Improvements in health make it possible for people to work harder as they become taller, stronger, and more resistant to disease. Working harder makes a country more productive and raises its total income.
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If the interest rate is 10 percent, the present value of $400 to be received two years from today is about
A) $331. B) $484. C) $364. D) $440.
Suppose that Brazil is capital abundant and Chile is natural resource abundant. If timber is natural resource intensive and computers are capital intensive, then according to the Heckscher-Ohlin Theorem, Chile should export goods that
A) intensively use labor input. B) intensively use capital input. C) intensively use natural resources. D) use capital and labor in about equal proportions.
In which decade did the U.S. federal government first establish a system of agricultural price supports?
A) 1990s B) 1970s C) 1950s D) 1930s
The tangent at point A on a curve has a positive slope. Therefore, the curve has a
a. positive slope at all points. b. positive slope at point A. c. negative slope at all points. d. negative slope at point A.