In 2015, the fraction of the American population that smokes is
A. 43%.
B. 25%.
C. 5%.
D. 17%.
Answer: D
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When demand decreases and the demand curve shifts to the left, equilibrium price ________ and equilibrium quantity ________
A) increases; decreases B) decreases; increases C) decreases; decreases D) increases; increases
A skill-biased technological change is likely to:
A) increase the wage of skilled labor. B) increase the wage of unskilled labor. C) decrease the demand for skilled labor. D) increase the marginal productivity of unskilled labor.
One example of human capital is the amount of skills that you have
Indicate whether the statement is true or false
Positive statements can be evaluated using data alone, but normative statements cannot
a. True b. False Indicate whether the statement is true or false