Briefly describe changes in life expectancy, average height, and infant mortality in the United States since 1850
What will be an ideal response?
Life expectancy has increased from 38.3 years in 1850 to 78.8 years in 2016. The average height of adult males has increased from 5'7" in 1850 to 5'9.3" in 2016. Infant mortality has dropped from 228.9 per 1,000 live births in 1850 to 5.8 per 1,000 live births in 2016.
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In the prisoner's dilemma game, the sentence that each player receives depends on
a. neither strategy chosen b. only the strategy the player chooses c. only the strategy the other player chooses d. the strategy the player chooses and on the strategy the other player chooses e. None of the answers is correct.
In intra-industry trade, the level of worker productivity is determined by
a. how firms engage in specific learning about specialized products, including taking advantage of economies of scale. b. how firms take advantage of climate or geography. c. how firms take advantage of the general level of education or skill. d. how firms take advantage of technological advances.
Which of the following is true of a recessionary gap? a. It develops when the expected price level is less than the actual price level
b. In the long run, this gap closes when resource suppliers negotiate lower resource payments. c. It measures the amount by which actual output is greater than the economy's potential output. d. In the long run, this gap closes when the short-run aggregate supply curve shifts rightward. e. In the long run, this gap closes when the aggregate demand curve shifts rightward.
Restructuring of a major industry resulted from the:
A. U.S. Steel case. B. AT&T case. C. IBM case. D. DuPont cellophane case.