One lesson that American policy makers can learn from the health care systems of other counties is
a. people must be willing to accept long waiting lists for expensive services.
b. a government-run system ensures equal access across socio-economic groups.
c. the importance of having a safety valve.
d. the mix between general practitioners and specialists is of little importance.
e. private insurance cannot complement government insurance.
C
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A nation that lacks sufficient capital given its size even though it has ample natural resources is
a. the United States. b. Japan. c. Canada. d. China.
According to the Keynesians, labor contracts
a. are unimportant for modern labor markets because few worker are unionized. b. mean that real wages are inflexible. c. mean that money wages never adjust. d. imply that nominal wages adjust, but only periodically.
If domestic income is rising,
a. exports will increase. b. demand for foreign currency will fall. c. imports will increase. d. imports will decrease.
Which of the following equations corresponds to an optimal choice point? (i) MRS = PX/PY (ii) MUX/MUY = PX/PY (iii) MUX/PX = MUY/PY (iv) MUX/PY = MUY/PX
a. (i) only b. (i), (ii), and (iii) only c. (ii) and (iv) only d. (i), (ii), (iii), and (iv)