Of the following high-income countries, which has the highest female life expectancy at age 65?
A) Canada B) Japan
C) the United Kingdom D) the United States
B
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When two people trade their initial endowments to a point on the contract curve, only the level of the endowments will determine the new allocation
Indicate whether the statement is true or false
In the long run, the crowding-out effect of an increase in government purchases is
a. more complete than in the short run b. canceled out by increases in infrastructure spending c. less complete than in the short run d. canceled out by improved consumer confidence e. a multiple of the initial change in spending
Which of the following is the best example of an abstraction that would be used in an economic theory?
a. U.S. companies export thousands of various goods. b. Throughout the world, there are 42 companies producing cell phones. c. There are two companies producing tennis rackets. d. In Illinois, 62,201 people offer legal services.
The higher the rate of unemployment:
a. The higher the level of potential GDP b. The higher the level of actual GDP c. The larger is the GDP gap d. The smaller is the GDP gap