Which of the following groups has the lowest life expectancy at birth?
a. middle-income economies
b. low-income economies
c. high-income economies
d. sub-Saharan African economies
e. all the world's economies
D
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The government budget constraint tells us that to the extent that government expenditures are NOT financed by tax collection, the public ends up holding ________ government bonds and ________ money
A) more, more B) more, less C) fewer, more D) fewer, less
Elizabeth Rodriguez is a veterinarian at the Cincinnati Zoo. She produces a(n)
a. nonexcludable good b. transfer c. public good d. merit good e. entitlement
Answer the following statement(s) true (T) or false (F)
1. In the Circular Flow Model, money flows are disregarded. 2. Within the Circular Flow Model, households are assumed to be the owners of all factors of production, including the natural resources. 3. Residuals are by-products, or pollution, left in the environment after a technological or natural process as occurred. 4. The discipline concerned with the resource flow from economic activity back to nature is known as natural resource economics. 5. According to the first law of thermodynamics, matter and energy can be destroyed but not created.
In practice, the Board of Governors and the chairperson of the Federal Reserve have the real control over monetary policy
Indicate whether the statement is true or false