There is:
A) a strong positive correlation between per capita GDP and infant survival.
B) a weak positive correlation between per capita GDP and infant survival.
C) no correlation between per capital GDP and infant survival.
D) a weak negative correlation between per capita GDP and infant survival.
Answer: A) a strong positive correlation between per capita GDP and infant survival.
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Environmental problems result when social costs and benefits are different from private costs and benefits
a. True b. False
Market-oriented economies have rules and regulations regarding: a. the nature of the products sold in the market
b. the enforcement of legal contracts. c. the number of sellers and buyers participating in the market. d. the ways in which taxes can be avoided.
Starting from long-run equilibrium, a large increase in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; potential B. recessionary; higher; potential C. recessionary; lower; lower D. expansionary; higher; higher
How does educating its populace help a poor country improve its economic growth rate?
a. Educated people eliminate the need for expensive technology. b. Educated people can produce more advanced goods and services. c. Educated people pay high interest rates on student loans. d. Educated people use fewer resources.