Compared to Canada, France, Germany, Switzerland, and the United Kingdom, the United States
A. had the highest spending per person and the shortest life expectancy in 2016.
B. had the lowest spending per person and the shortest life expectancy in 2016.
C. had the lowest spending per person and the longest life expectancy in 2016.
D. had the highest spending per person and the longest life expectancy in 2016.
A. had the highest spending per person and the shortest life expectancy in 2016.
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Assume that Australia has a comparative advantage in producing surfboards and New Zealand imports surfboards from Australia. We can conclude that
A) New Zealand has an absolute disadvantage in producing surfboards relative to Australia. B) Labor costs are higher for surfboard producers in New Zealand than in Australia. C) Australia has a lower opportunity cost of producing surfboards relative to New Zealand. D) Australia also has an absolute advantage in producing surfboards relative to New Zealand.
In economics, "capital" refers to
a. money b. stocks, bonds, and other financial assets c. the seat of government d. machines, buildings, tools, and knowledge e. net worth (assets minus liabilities)
The annual membership fees of the 185 member countries of the IMF are called:
a. annuities. b. quotas. c. vetos. d. conditionalities. e. petrodollars.
If the dollar-pound exchange rate is $2.00 per pound, then a shirt priced at 25 pounds will cost an American
a. $25 b. $50 c. $26 d. $27 e. an amount that cannot be calculated without additional information.