Compared to those in low-income countries, the residents of countries with high per person incomes nearly always
a. live longer.
b. have a lower illiteracy rate.
c. have a lower infant mortality rate.
d. all of the above.
D
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National defense is a public good _____
a. meaning it is an all-or-nothing proposition b. however it can be adjusted on the margin c. implying whatever output produced is efficient d. a and c
Inflation
What will be an ideal response?
The most controversial element of the Frisch-Slutsky paradigm concerns
a) the direction in which employment moves during business cycles b) the duration of business cycles c) which types of events can cause business cycles d) the manner in which exogenous shocks are translated into business cycles e) whether the business cycle creates impulses or propagation mechanisms
In 2016, about how many million persons were employed by private-sector companies?
a. 90 million b. 122 million c. 118 million d. 125 million