The most common measures used to evaluate health outcomes are
a. Life expectancy at birth.
b. Life expectancy from external causes.
c. Infant mortality.
d. Both a and c
D
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In Econland population increased from 1 million to 1. 1 million, the number of employed workers increased from 500,000 to 600,000, but average labor productivity decreased from $20,000 per worker per year to $18,000 per worker per year. Total output in Econland ________ and the average standard of living ________.
A. increased; decreased B. decreased; increased C. decreased; decreased D. increased; increased
Economist ________ shows the "limits of arbitrage."
A) Doug Diamond B) Andrei Shleifer C) Philip Dybvig D) Richard Thaler
The economic impact of ________ during expansionary periods is to moderate growth.
A. positive demand shocks B. tax cuts C. implementation lags D. automatic stabilizers
The figure illustrates the short-run costs of Paul's Picture Frames Inc The picture frame market is perfectly competitive and the market price is $30 a frame
Paul produces ________ frames each week, makes ________ of total revenue, and makes zero ________ profit. A) 200; $4,000; economic B) 300; $9,000; normal C) 200; $4,000; normal D) 300; $9,000; economic