Compared to those in low-income countries, the residents of countries with high per person incomes nearly always
What will be an ideal response?
a. live longer.
b. have a lower illiteracy rate.
c. have a lower infant mortality rate.
You might also like to view...
Between 1980 and 2005, the Vanguard Index Fund earned 12.3 percent per year, while the average mutual fund investor earned
A. 1.9 percent. B. 2.3 percent. C. 5.1 percent. D. 7.3 percent.
Based on this figure, in order to maintain an exchange rate of $0.15 dollars per Norwegian krone, the Norwegian government will have to spend (in dollars)________ worth of international reserves per period. 
A. $2,000 B. $5,500 C. $300 D. $825
Laws are efficient if they
A. help maximize total benefits of behavior. B. restrict all undesirable action like polluting. C. uphold absolute property rights. D. impose no costs on citizens. E. work to equate the marginal benefits and marginal costs of behavior.
If short-run equilibrium output equals 10,000, the income-expenditure multiplier equals 5, potential output (Y*) equals 11,000, then government purchases must ________ to eliminate any output gap.
A. increase by 5,000 B. decrease by 200 C. increase by 1,000 D. increase by 200