The disparity in child mortality rates between the Global North and the Global South
A. has been cut roughly in half in percentage terms.
B. has more than tripled over the past 25 years.
C. remains very high.
D. has virtually disappeared.
Answer: C
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What is the intuition that an expansion of an individual's budget set represents a gain?
A) More options are preferred to less. B) Money is the root of all happiness. C) Information is power. D) Scarcity is avoidable with prosperity.
A(n) _____ perceives the demand for its own output as horizontal at the market price, so it can produce as much or as little as it wants without affecting that price
a. oligopolist b. monopsonist c. monopolist d. perfect competitor
An individual can avoid risks associated with a transaction by purchasing insurance
Indicate whether the statement is true or false
Which of the following will not shift a supply curve?
A) a change in the price of relevant resources B) a change in the good's own price C) a change in the number of sellers D) a change in per-unit costs brought about by a change in taxes