Over the past 25 years, child mortality has ________ and literacy has ________ in developed countries.
A. risen; fallen
B. fallen; risen
C. risen; risen
D. fallen; fallen
Answer: B
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To show the values of an economic variable for different groups in a population at a point in time, it is best to use a
A) trend-section diagram. B) cross-section graph. C) linear graph. D) time-series graph. E) scatter diagram.
The field of behavioral economics applies the methods of economics to study how government works
a. True b. False Indicate whether the statement is true or false
To boost economic growth the government is most likely to:
A. increase interest rate B. increase taxation rate C. provide incentives to invest D. provide incentives to save
The term externalities refers to
A. Only positive benefits of a market activity borne by a third party. B. The negative costs and positive benefits of a market activity borne by a third party. C. Only negative costs of a market activity borne by a third party. D. None of the choices are correct.