How is a country's wealth related to other measures of well-being such as life expectancy and the Human Development Index (HDI) value? a. positively with both life expectancy and the HDI value b. negatively with both life expectancy and the HDI value c. negatively with life expectancy; unrelated to the HDI value. d. unrelated with life expectancy; positively with the HDI value

Before an increase in excise duty on tea, 800 people out of a sample of 1000 were consumers of tea. After the increase in duty, 800 people were consumers of tea in a sample of 1200 persons. Find whether there is significant decrease in the consumption of tea after the increase in duty. LOS 5%.

Does the following dataset satisfy GARP?

QUESTION 3 (Figure: US Business Cycle Expansions and Contractions) From the data on averages for all cycles we can conclude that over time: Business cycles data.pdf O The number of cycles during 1945-2020 exceeded the number of cycles during 1854-1919. The number of cycles during 1919-1945 exceeded the number of cycles during 1945-2020. The average duration of contractions during 1854-1919 was shorter than the average duration of contractions during 1945-2020. The average duration of expansions during 1854-1919 was shorter than the average duration of expansions during 1945-2020.