One policy option explored during the Obama administration was to change U.S. drug laws to
A. prohibit re-importation.
B. ban television advertising of prescription drugs.
C. permit re-importation.
D. restrict malpractice lawsuits.
Answer: C
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The XYZ Co sells shirts. Shirts with the company label on the tag are perceived to be of higher quality than shirts with the store's label. Yet, shirts are of identical quality regardless of label
The demand for perceived high-quality shirts is ph = 50 - qh. The demand for perceived low-quality shirts is pl = 10 + ph – ql. The firm can produce shirts at TC = qh + ql. How many shirts does the firm label as low quality and how many as high quality? What prices are charged?
The consumer price index [CPI] measures price changes at an earlier stage of production than the producer price index [PPI], hence, increases in the CPI are usually followed by increases in the PPI
a. True b. False Indicate whether the statement is true or false
The price index was 120 in 2012 and 126 in 2013 . What was the inflation rate?
a. 5.0 percent b. 6.0 percent c. 7.2 percent d. 105 percent
What are inward-oriented policies? Do most economists recommend these types of policies to poor countries?