As national income rises,
A) water problems are eliminated.
B) infant mortality falls.
C) emissions from fossil fuels decrease.
D) depletion of forest reserves increases at an increasing rate.
B
Economics
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All else constant, an increase in the price of labor would cause the total amount of output that can be produced with a fixed amount of spending to ________. This would result in a movement to a ________ isoquant
A) increase; lower B) increase; higher C) decrease; lower D) decrease; higher
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Expected values are
a. Values that you expect from an individual b. Mean values c. Weighted average outcomes d. Both B&C
Economics