Which of the following statements is true?
A) Lower infant mortality rates are always a result of income growth in countries.
B) Lower infant mortality rates are related to income growth in countries.
C) The higher the income per capita, the higher the infant mortality rate.
D) There is no correlation between income per capita and infant mortality rates.
B
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If the government could raise taxes on one good, which product should the government increase tax rates in order to raise tax revenue?
a. Cigarettes b. Alcohol c. Sodas d. None of the above
In the long run, a firm should exit the industry if its total costs exceed its total revenues
a. True b. False Indicate whether the statement is true or false
Quinn has job offers in Wrexington and across the country in Charlieville. The Wrexington job would pay a salary of $50,000 per year, and the Charlieville job would pay a salary of $40,000 per year. The CPI in Wrexington is 150, and the CPI in Charlieville is 90. Refer to Scenario 24-4. If Quinn only cares about maximizing her purchasing power, then she should
a. take the Charlieville job. b. take the Wrexington job. c. take either job because they both have the same purchasing power. d. The answer cannot be determined from the information given because a salary is not the same as purchasing power.
Craft unions:
A. attempt to organize workers at all skill levels in a firm or industry. B. have been declared illegal by federal legislation. C. only organize workers who have a particular skill. D. attempt to increase the supply of their particular type of labor.