The middle class in the United States has _______ since the late 1960s.
A. stayed the same
B. decreased
C. increased a great deal but then declined
D. increased slightly
B. decreased
Economics
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Is it possible for a country to have an absolute disadvantage and a comparative advantage in the production of a good?
a. No, these are incompatible on theoretical grounds. b. No, theory prevents it, but some economists claim it could occur. c. Yes, this situation can occur. d. Yes, in theory, although not in reality.
Economics
The idea that some people engage in risky behavior due to the fact that they have good health care is known as
A. risk aversion. B. risk-taking behavior. C. moral hazard. D. zero-sum game.
Economics