Publicly provided health insurance for the poor will
A. raise the price of health care to the non-poor.
B. increase the total amount of health care consumed.
C. raise the price of health care to the non-poor and increase the total amount of health care consumed.
D. raise the level of health care consumed by the non-poor.
Answer: C
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A. D1to D2. B. D2to D1. C. D2to D3. D. D1to D3.
In a laborabundant country, free trade will cause a(n) __________ in the rental of capital and a(n) _________ in the marginal product of capital.
a. increase; increase b. increase; decrease c. decrease; decrease d. decrease; increase
When total product is rising
A) fixed cost must be rising. B) marginal product must be positive. C) variable cost must be declining. D) marginal product must be negative.
Which of the following would most likely be classified as a natural monopoly?
A) a city water district B) Microsoft C) Disneyland D) Exxon-Mobil