The direct costs in an economic evaluation include the all the following except
a. hospitalization
b. medical devices
c. transportation to and from the physician's office
d. reduced productivity at work
e. All of the above
D
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What do we mean by "property rights" and why are they important?
What will be an ideal response?
Workers can reduce the chance of an employer lying by
A) obtaining more information about the firm's performance. B) having a representative on the board of directors. C) requiring that employers share the cost of an economic downtown. D) All of the above.
In a simplified banking system subject to a 25 percent required reserve ratio, a $1,000 open-market purchase by the Fed would cause the money supply to:
A. increase by $1,000. B. decrease by $1,000. C. decrease by $4,000. D. increase by $4,000.
Refer to the diagram. Line (2) reflects a situation where resource prices:
A. decline as industry output expands.
B. increase as industry output expands.
C. rise and then decline as industry output expands.
D. remain constant as industry output expands.