Nearly one-fifth of China's 1.38 billion people are under the age of 15. How will this affect high school enrollment over the next fifteen years? The labor market over the next fifteen years?
What will be an ideal response?
The demand for high school education will increase. The supply of labor over the next 15 years will increase.
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Brand management refers to
A) the efforts to maintain the differentiation of a product over time. B) selling the right to use a brand name in a particular market. C) picking a brand name for a new product that will attract attention. D) efforts to reduce the cost of production.
The amount by which an additional unit of an activity increases total benefit is:
a. net benefit b. marginal benefit c. marginal cost d. utility
According to the principle of diminishing returns, if all factors of production but one are held constant and if that one factor is doubled, then eventually output will most likely:
A. double too. B. less than double. C. more than double. D. remain unchanged.
What are the economic implications of rising health care costs?
What will be an ideal response?