Which of the following is not correct?
a. China allows only one child per family and couples that violate this rule are subject to substantial fines.
b. In developed countries, population growth is consistently about 3 percent per year; in developing countries it is consistently about 5 percent per year.
c. Educational attainment tends to be lowest in countries with the highest population growth.
d. Economists generally believe that a country that decreases a high population growth rate can increase its economic growth rate.
b
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Among the reasons that health care expenditures have grown so rapidly in the United States over the last two decades are all of the following EXCEPT
A) an emphasis on wellness programs and preventive medicine. B) the aging of the U.S. population. C) expensive new medical technologies. D) third-party financing.
Two goods are considered substitutes only if a(n):
a. decrease in the demand for one leads to a decrease in the supply of the other. b. increase in the demand for one leads to a decrease in the supply of the other. c. increase in the price of one leads to an increase in the demand for the other. d. decrease in the price of one leads to an increase in the demand for the other. e. decrease in the supply of one leads producers to switch to production of the other.
How many workers would the firm hire if the wage rate were $459?
Another name for nondiversifiable risk is:
A. inflation risk. B. systemic risk. C. cyclical risk. D. idiosyncratic risk.