Overall, rapid economic growth between 1981 and 2012 has ______ the global poverty rate from __________________.
A. increased; below 20 percent to above 44 percent
B. decreased; above 30 percent to below 15 percent
C. decreased; above 44 percent to 12.7 percent
D. increased; below 12.7 percent to above 25 percent
C. decreased; above 44 percent to 12.7 percent
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The marginal product of labor can be defined as: a. the change in profit divided by the change in labor, other factors of production held constant
b. the change in total output provided by a one unit increase in labor employed, other factors of production held constant. c. the total output divided by the total labor utilized. d. the change in labor utilized divided by the change in total output, other factors of production held constant.
When the 2010 Patient Protection and Affordable Care Act is fully implemented, it will
a. substantially reduce the share of health care expenses paid by a third party. b. require all Americans to purchase health care insurance from either a private or government source. c. increase the competitiveness of the health insurance business by allowing people to purchase the insurance across state boundaries. d. reduce the demand for health care and thereby lead to lower prices for health care services.
Which of the following statements is true?
A) The demand curve for money balances represents a direct relationship between the quantity demanded of money balances and the price of holding money balances. B) In the United States, the position of the money supply curve is determined exclusively by the Fed. C) The "money market" discussed in this chapter refers to the market for short-term securities. D) If, at a given interest rate, individuals want to hold less money than is supplied, this will put downward pressure on the interest rate. E) none of the above
If the price of motel rooms increases by 10 percent while the prices of other goods and services increase by 5 percent on average, the relative price of motel rooms has:
A. decreased by 10 percent. B. increased. C. remained constant. D. decreased by 5 percent.