17) which of these is the most likely punishment a child would receive if convicted of a delinquent act in an offense that would be a felony if committed by an adult? a)overnight detention in jailb)a sentence of life in prisonc)assignment to a licensed foster homed)detention in a youth development campus

Mankiw attributes – chapter 1 and his 10 principles – differences in living standards within a countryover time and across countries at a moment in time to: a. the presence or absence of inflation and unemployment. b. the allocation of resources between private markets and the public sector. c. those that have dealt successfully with the efficiency v. equality tradeoff and those that haven’t. d. differences in productivity. e. ones that think at the margin and respond to incentives and those that don’t.