Which of the following is associated with global poverty?

A. Low infant mortality rates.
B. Lack of health care.
C. Immunization against preventable diseases.
D. Opportunities for education.


Answer: B

Economics

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The tendency for consumers to purchase more of a good or service as its price falls is captured by:

A. the law of supply. B. the law of increasing cost. C. the law of demand. D. cross-price elasticity of demand.

Economics

A Consumer Price Index of 120 for a certain year means that the average price of consumer items in that year was

A. 20% higher than the average price of the preceding year. B. 120% higher than the average price in the base period 1982-84. C. 20% higher than the average price in the base period 1982-84. D. about $120 per basket of consumer goods and services.

Economics

Economists assume that most individuals respond in ______ ways to changing circumstances.

a. creative b. unusual c. predictable d. distinctive

Economics

Which of the following statements is true?

A. Production of low-pollution products like clothing increases in the industrialized countries due to free trade. B. Shifts toward freer trade are responsible for the majority of the increase in carbon dioxide emissions. C. Free trade is inherently anti-environment. D. Relocation of firms to take advantage of lax environmental laws is small.

Economics