Of the following high-income countries, which has the lowest life expectancy at birth?
A) Canada B) Japan
C) the United Kingdom D) the United States
D
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U.S. Treasury bills are considered the safest of all money market instruments because there is a low probability of
A) defeat. B) default. C) desertion. D) demarcation.
Assuming a simple Keynesian multiplier, and given an increase in planned investment of $100 billion, the effect on total output will be greater than $100 billion only if the
A) MPS is greater than zero. B) MPC is zero. C) MPS is less than zero. D) MPC is greater than one.
How does the treatment of international transactions differ with respect to gross national product and gross domestic product? Explain. Why do you think that the U.S government has switched from using GNP to using GDP
What will be an ideal response?
Games that are played more than once generally
a. lead to outcomes dominated purely by self-interest. b. lead to outcomes that do not reflect joint rationality. c. encourage cheating on cartel production quotas. d. make collusive arrangements easier to enforce.