Inflation rates over the last 40 years have generally:
A. decreased around the world.
B. unchanged for developing nations and decreased for developed nations.
C. increased around the world.
D. decreased for developing nations and increased for developed nations.
Answer: A
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Please use the following statements to answer this question:
I. The process of testing and revising theories is central to the development of economics as a science. II. Theory is imperfect and may not adequately describe economic behavior in some cases. A) I and II are true. B) I is true and II is false. C) I is false and II is true. D) I and II are false.
Refer to Scenario 15.3. $X would be higher if
A) her income were higher and she were younger. B) her income were higher and she were older. C) her income and the mortality rates for someone of Ms. Qwerty's statistical profile were both lower. D) her income and the mortality rates for someone of Ms. Qwerty's statistical profile were both higher. E) she were older and the relevant mortality rate were lower.