Which of the following characteristics is generally representative of developed countries relative to developing countries?

A. a lower rate of literacy
B. a lower infant mortality rate
C. a larger percentage of the labor force in rural areas
D. lower productivity in the agriculture sector

Answer: B

Economics

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The economy's marginal social benefit curve for a public good is equal to the ________

A) horizontal sum of the individual demand curves B) vertical sum of the individual marginal benefit curves C) horizontal sum of the individual marginal benefit curves D) vertical sum of the individual supply curves

Economics

One difference between stocks and bonds is that

A) stocks do not involve a promise to repay a purchaser of the stock, while bonds represent a promise to repay the purchase price of the bond. B) stocks represent ownership in companies, while bonds represent ownership in banks. C) stocks are financial securities, while bonds are labor market securities. D) stocks are usually issued in electronic form, while bonds are usually issued in paper form.

Economics