Refer to the data. Diminishing returns begin to occur with the hiring of the _________ unit of labor
A. first
B. second
C. third
D. seventh
C. third
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Since the 1980s,
a. monetarism reached its peak. b. the influence of the monetarists and Keynesians both eroded. c. monetarism re-established itself with a stable money/income relationship. d. monetarism declined in influence as Keyesian thought overtook it in influence.
Medicaid coverage is universal for all low-income individuals regardless of health
a. True b. False
Think birth rate and growth in GDP per capita. A major reason that China adopted a one- child-per-family policy was that
a. it had to comply with United Nations standards to qualify for economic aid b. its per capita income would increase if the population growth moderated c. people were migrating to urban centers and there was insufficient housing for them d. resources could be diverted to military: a simple case of guns and butter e. it chose the big-push development strategy, which includes family planning
Public goods could effectively be provided by private markets, but we choose to provide them through government.
Answer the following statement true (T) or false (F)