Infant mortality rate is associated with low birth weight. If the U.S. had the same birth weight distribution as Sweden, its infant mortality rate would fall by over ______ percent.
a. 30
b. 40
c. 10
d. 50
e. 20
a. 30
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Refer to the scenario above. If Maria's opportunity cost of time increases to $80 per hour, the cost involved in taking the train is:
A) $320. B) $720. C) $800. D) $970.
The real exchange rate is
A) the price of one currency in terms of another. B) the price of domestic goods relative to foreign goods. C) the quantity of gold that can be purchased by one unit of currency. D) the difference in interest rates between two countries.
When prices of products are set below equilibrium,
A. society’s resources are inefficiently allocated. B. firms expand output to increase profits. C. firms earn excessively high profits. D. consumers benefit from surpluses of cheap goods.
We categorize market structures according to
a. price, function, and size b. number of firms, entry conditions, and substitutability of goods c. entry conditions, location, and function d. number of firms, location, and size e. number of firms, entry conditions, and size