The U.S. has a higher infant mortality rate than other developed countries. This is most likely a result of
a. poor medical care.
b. poverty.
c. poor access to medical care.
d. the cause or causes are unknown.
e. both b and c are true.
E
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If American college students decide that drinking Mexican-brewed beer helps one get noticed, net exports will tend to fall, causing aggregate demand to ________ and the ________ curve to shift to the left, everything else held constant
A) fall; LM B) fall; IS C) rise; LM D) rise; IS
Which of the following is included in GDP?
a. the value of illegally produced goods b. the value of housework by a stay-at-home dad c. the value of volunteer work done at a local homeless shelter d. the cost of government-provided social services
If we observe that when the price of chocolate decreases by 10%, quantity demanded increases by 25%, then the demand for chocolate is price elastic
a. True b. False Indicate whether the statement is true or false
If the price falls and the total amount consumers spend on the good remains unchanged, then demand must be
A. unit elastic. B. inelastic. C. elastic. D. perfectly inelastic.