Barnum and Bailey part of a famous traveling circus, so they travel frequently. Their child, Ringling, is an 11-month-old baby and travels everywhere the circus goes. Ringling has a regular routine but easily adapts to new eating and sleeping habits whenever the circus moves across states. According to Chess and Thomas, Ringling would be classified as an easy child.

an inhibited child.

a slow-to-warm-up child.

a passive child.

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.