Over the past 50 years, deaths among children have
A) declined in most high-income countries and have remained relatively unchanged in most low-income countries.
B) declined in nearly all countries, including most low-income countries.
C) declined in most high-income countries and have risen in most low-income countries.
D) remained relatively unchanged in most high-income countries and have declined in most low-income countries.
B
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Communication between players prior to the start of a game that does NOT affect the payoffs is called
A) cheap talk. B) ineffective bargaining. C) a binding verbal contract. D) pareto efficient.
A monopolist will hire fewer workers than a competitive firm, other things being equal, because
A) the monopolist exploits labor and other types of producers do not. B) the monopolist must take account of the declining product price that must be charged in order to sell more units of the product. C) the monopolist is more efficient. D) diminishing marginal productivity of labor is more severe for a monopolist.