Since 1960, infant mortality rates in the United States have
A) dropped more than 75%.
B) dropped by about 20%.
C) risen slightly.
D) dropped by less than 5%.
A
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Ling-Temco-Vought (LTV) is an example of
a. a conglomerate. b. a vertical merger. c. a horizontal merger. d. a limited-liability partnership.
If the cross elasticity between two goods, X and Y, is positive, then we know they are
a. substitute goods b. complementary goods c. unrelated goods d. inferior goods e. normal goods
In agriculture during much of the 20th century, supply grew more than demand. Which two farm problems are these?
A) the high-productivity problem and the income elasticity problem B) the low-productivity problem and the income inelasticity problem C) the high-productivity problem and the income inelasticity problem D) the low-productivity problem and the income elasticity problem E) none of the above
A bumper crop of farm products causes:
A. only a slight decline in the price of farm products because the demand for farm products is income inelastic. B. a large decline in the price of farm products because the demand for farm products is price inelastic. C. only a slight decline in the price of farm products because the demand for farm products is income elastic. D. a large decline in the price of farm products because the demand for farm products is price elastic.