Which of the following is not an indicator that is used to compute the Human Development Index?
a. life expectancy at birth.
b. real GDP per capita.
c. infant mortality rate.
d. adult literacy rate.
C
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The additional benefit that Marvin gets from being vaccinated against the flu is known as the
A) external benefit. B) marginal private benefit. C) private cost. D) social cost. E) marginal social benefit.
In order to increase society's well-being, education might be
a. taxed to discourage production b. subsidized to encourage production c. taxed to encourage production d. subsidized to discourage production e. provided without government intervention
If the value of a bank's assets is rising, a high leverage ratio increases the percentage rise in its capital
Indicate whether the statement is true or false
If Country A has a higher ratio of labor to land than Country B, it can be inferred that
A. Country B is a relatively labor-abundant country. B. Country A is a relatively labor-scarce country. C. Country A can produce labor-intensive goods at lower costs than Country B. D. Country B can produce labor-intensive goods at lower costs than Country A.