Of all Medicaid spending, ________ goes for the health needs of the elderly.
A. 65%
B. 13%
C. 20%
D. 50%
Answer: C
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Market power refers to the ability of ___________.
As we move down a particular indifference curve, if the "marginal rate of substitution" between the two goods does not change we can conclude that the two goods are:
A) perfect substitutes. B) perfect complements. C) totally unrelated. D) both inferior goods.
Government outlays consist of
a. all governmental purchases resulting from contracts with the private sector and foreign organizations b. government purchases, transfer payments, and interest on the national debt c. any purchase by an organization that is not trying to earn a profit d. government purchases and transfer payments minus the interest on the national debt e. total receipts from all organizations doing business with any level of government
The demand curve for a product might shift as the result of a change in:
A. consumer incomes. B. consumer tastes. C. the prices of related goods. D. all of these.