Which of the following characteristics is generally representative of developed countries relative to developing nations?
A. a shorter life expectancy
B. a smaller percentage of children enrolled in college
C. a smaller percentage of the population working in agriculture
D. a higher rate of infant mortality
Answer: C
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Janet Yellen, Chair of the Federal Reserve, must choose whether tomorrow she meets with the Secretary of the Treasury or with the Congress regarding the financial crisis. This choice reflects the
A) fact that Ms. Yellen faces scarcity. B) concept of entrepreneurship. C) fact that Ms. Yellen responds to incentives. D) use of capital.
At a point on a production possibilities curve, opportunity cost of more capital goods today is
A) fewer capital goods in the future. B) fewer consumer goods in the future. C) fewer consumer goods today. D) more unemployed resources in the future.
Related to the Economics in Practice on p.221 [533]: According to a recent study by Simon Gilchrist, Fabio Natalucci, and Egon Zakrajsek, investment expenditures are ________ changes in interest rates.
A) highly sensitive to B) highly insensitive to C) completely independent of D) positively related to
Deposit creation occurs when
A. A bank lends money. B. A person takes money out of one bank and puts it in another bank. C. A person takes money out of the banking system and holds it as cash. D. A bank borrows dollars from the Federal Reserve.