Describe in general terms four or five characteristics of less-developed countries.
What will be an ideal response?
Less-developed countries have high populations and high birth and death rates, have low standards of living as measured by per capita GDP, and rely on technology and other needed inputs from the developed countries. More than half of their populations are engaged in agricultures where productivity is low. These countries make poor use of their labor and underemployment abounds. They have high illiteracy rates and a low percentage of their populations in school at any level. Life expectancy is low; people suffer from malnutrition and disease and have few health-care opportunities.
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Negative externalities might be reduced by letting people "work it out themselves," which might also be described as ________
A) substantiation. B) negotiation C) remuneration D) adjudication E) appropriate taxation
The classic example of adverse selection is the market for used cars
a. True b. False Indicate whether the statement is true or false
Production output has dropped at Leah’s Deli. Leah has made several changes at her deli recently. Which one is the most likely explanation for the production output decline?
a. An efficient, new meat slicer was installed. b. Online ads promoting sandwich specials were released. c. The dining room booths were updated. d. Kitchen staff was expanded to meet growing demand.
Benefit levels for TANF are the same, regardless of where you live
Indicate whether the statement is true or false