Which of the following characteristics is generally representative of developing countries relative to developed countries?
A. a greater availability of college education.
B. a lower infant mortality rate
C. a lower rate of illiteracy
D. a smaller percentage of the labor force in urban areas
Answer: D
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The Medicaid program is financed by _____
a. excise taxes b. state governments c. the federal government d. state governments and the federal government
The imposition of a minimum wage on a competitive labor market will likely
A. lower the unemployment rate of low-income families. B. increase unemployment of high-skilled workers as firms substitute for high-skilled labor with low-skilled labor. C. create unemployment as some people enter the labor market while some firms reduce the quantity of labor they are willing to employ due to the increased wage. D. lower the wages of workers earning more than the minimum wage. E. create additional employment opportunities because some low-skilled workers will now see their wage increase.
A financial asset is considered ________ if it can be sold in a secondary market
A) a commodity B) a security C) a liability D) durable
Convergence theory suggests that gaps in ________ tend to close over time.
A. population levels B. inflation rates C. national income D. unemployment rates