On average, people in low-income countries ________ than people in high-income countries
A) are subject to a lower infant mortality rate B) are exposed to fewer severe diseases
C) are shorter D) have a longer life expectancy
C
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Define the following terms and explain their importance in the study of macroeconomics:
a. consumer expenditures b. investment spending c. national income d. transfer payments
Based on the graphs showing price discrimination in movie ticket prices, an elastic demand curve prompts theatres to ______.
a. charge higher prices
b. charge lower prices
c. go bankrupt
d. add more seats
The first antitrust legislation was the:
A. Sherman Act. B. Clayton Act. C. Federal Trade Commission Act. D. Robinson-Patman Act.
Why would a firm continue to pollute even when it is fined (taxed) for doing so?
What will be an ideal response?