Which of the following are residents of rich countries likely to have in greater quantities, or better quality, than residents of poor countries?
a. housing
b. healthcare
c. life expectancy
d. All of the above.
d
You might also like to view...
Refer to Figure 9-2. As a result of the tariff, domestic producers increase their quantity supplied by
A) 31 million pounds of rice. B) 22 million pounds of rice. C) 15 million pounds or rice. D) 6 million pounds of rice.
What factors cause private and social rates of return for primary and secondary education to diverge in developing countries?
What will be an ideal response?
In the long-run, a perfectly competitive firm will achieve
a. An average rate of return b. Above average profits c. Losses d. Economic Profits
One major characteristic of the price system is that
A. individual sellers ultimately decide what is produced in the market. B. consumers together are the ones who ultimately decide what is produced. C. all exchanges are regulated by the government. D. competition among sellers is reduced.