Of the following high-income countries, which has the highest mortality ratio for cancer?

A) Canada
B) Japan
C) the United Kingdom
D) the United States


Answer: B

Economics

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What does the production possibilities frontier imply about the resource allocation?

A. Only some points on the curve are efficient. B. All points on the curve are equally efficient. C. A point that lies below the curve is more efficient. D. A point that lies above the curve is readily achievable.

Economics

If Europe and Japan experience rapid growth in their incomes, other things constant, this will cause

a. a decrease in the exports of the United States. b. an increase in the exports of the United States. c. a decrease in the national income of the United States. d. a decrease in aggregate demand in the United States.

Economics

Moe divides his time between studying Physics and studying Economics. His production possibilities curve for his final grade in each class is shown in the accompanying figure.Which of the following is true?

A. Moe has a comparative advantage in economics. B. Moe has an absolute advantage in economics. C. Moe's opportunity cost of studying for each subject is increasing. D. Moe has a comparative advantage in physics.

Economics

Stabilization policy may be necessary to slow down the speed of the adjustment process.

Answer the following statement true (T) or false (F)

Economics