According to research by Robert Fogel, what proportion of the British population in 1780 was so malnourished that they could not perform manual labor?
a. 5 percent
b. 10 percent
c. 20 percent
d. 25 percent
c
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How might the existence of federally funded programs for the poor reduce the amount of charitable giving?
What will be an ideal response?
When consumers pay only a fraction of the true cost of medical services, their demand increases. The marginal cost of producing these extra services
A) is less than the marginal benefit consumers receive from them. B) is equal to the marginal benefit consumers receive from them. C) is greater than the marginal benefit consumers receive from them. D) is zero due to the insurance payments.
In explaining their relative income status, either poor families don't work enough, or are paid too little
Indicate whether the statement is true or false
Nebraska had an unseasonable cold winter requiring more salt for the roads than normal. If the supply does not change what would happen to the market for salt?
A. The increased demand but no change in quantity supplied causes a surplus of salt. B. There will be more suppliers of salt at every price. C. The increased demand but no change in quantity supplied causes a shortage of salt. D. There is no change in the market.