The health care system in ________ is referred to as a single-payer health care system, and is a system in which the government provides national health insurance to all residents
A) Canada
B) Japan
C) the United Kingdom
D) the United States
Answer: A
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Trade, both within and across national borders, ________
A) discourages specialization in production B) exploits absolute advantage C) reduces interdependence among nations D) increases productive efficiency
Unlike the Classical economists, Keynes believed that money could affect real economic activity through its effects on
A) the price level. B) the interest rate. C) savings. D) velocity.
Which of the following is most likely to happen if the aggregate demand curve for an economy (which was initially in equilibrium) shifts to the left? a. The equilibrium real GDP will decrease
b. The equilibrium price level in the economy will increase. c. The aggregate supply curve will shift rightward. d. The aggregate supply curve will shift leftward. e. The economy will experience an expansion.
During the Great Depression in the 1930s unemployment was so bad that nearly ________ of the labor force was unemployed.
A. 1/5 B. 1/4 C. 1/3 D. 1/2