Which country had the highest per capita expenditures on health care in 2009?
A. Australia
B. Japan
C. Norway
D. United States
D. United States
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Refer to the scenario above. What is the net present value of the investment?
A) -$7,112.36 B) -$5,365.10 C) -$475.31 D) $9,524.19
Refer to Figure 24-1. Ceteris paribus, a decrease in the growth rate of domestic GDP relative to the growth rate of foreign GDP would be represented by a movement from
A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B to point A.
Marginal revenue is the addition to a firm’s revenue from
A. a $1 change in price. B. a one-unit change in output. C. the sale of inferior output. D. a $1 reduction in marginal cost.
Which of the following can lead to market failure?
a. externalities and market power b. externalities but not market power c. market power but not externalities d. neither externalities nor market power