Which of the following best explains the closing gap between rural and urban mortality rates?
(a) Relatively higher incomes in urban areas
(b) Relatively lower prices in urban areas
(c) Medical advancements, health education, and public health and sanitation involvement
(d) All of the above.
(c)
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To be certain that exchange between people is mutually beneficial, we generally assume
A) not all people are free to enter the market at will, but once in they are free to make any offer to trade. B) all people have complete information about each other's preferences. C) there are no transaction costs. D) both B and C E) both A and B
Today, the full-employment unemployment rate in the United States is generally agreed to be
a. 2 to 3 percent. b. 3 to 4 percent. c. 4 to 5 percent. d. 5 to 6 percent.
Under a system of financial penalties for polluters:
a. Firms could pollute all they wanted to. b. Firms would have to pay a tax for each unit of pollution created. c. Firms would be encouraged to pollute less. d. All of the above are correct.
If the exchange rate between the U.S. dollar and Japanese yen changes from $1 = 100 yen to $1 = 90 yen, then
A. Japanese tourists visiting the United States will benefit. B. U.S. auto producers and autoworkers will lose. C. All Japanese producers and consumers will lose. D. U.S. consumers of Japanese TV sets will benefit.