Social Security and Medicare are clear examples of
A) capitalism.
B) market-determined services.
C) market failures and externalities.
D) governmental intervention in the market.
D
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Many biologic drug manufacturers are pushing for patent protection to be extended to 12 years before generics are allowed to be introduced to the market. This reflects which of the following barriers to entry?
A) network externalities B) entry blocked by government action C) economies of scale creating a natural monopoly D) control of a key resource
Equalization of resources across school districts would be less of a concern if _____
a. there was no link between spending and achievement b. there was a strong link between spending and achievement c. classroom teachers were better paid d. taxpayers were willing to spend more
Increasing the number of corporations whose stocks are in your portfolio reduces market risk
a. True b. False Indicate whether the statement is true or false
Historically, our rate of economic growth has been about _____% a year.
Fill in the blank(s) with the appropriate word(s).