Subsidies paid to the health care industry for Medicare patients are paid by
A) Congress.
B) the Teamsters union.
C) current taxes.
D) the Federal Reserve.
Answer: C
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Which of the following statements is correct?
a. NASDAQ is an important stock exchange in the United States. b. The Standard & Poor's 500 Index and the New York Stock Exchange are two examples of stock indexes. c. The most significant influence on the demand for a corporation's stock is the number of shares of the stock that the corporation has issued. d. All of the above are correct.
Business cycles
A. have been a recurring source of debate to economic theory throughout history. B. represent a fairly recent problem confronting economic systems. C. show very regular and smooth patterns of ups-and-downs in economic systems. D. cannot occur in market-based economic systems. E. have been increasingly unstable over the past half century.
If Josh's income increases, then
A. His entire budget constraint will shift away from the origin. B. His indifference curves will shift away from the origin. C. One end of his budget constraint will move away from the origin. D. His entire budget constraint will shift toward the origin.
Refer to the diagram. All other things equal, curve C:
A. reflects increasing opportunity costs because the slope of the curve becomes less steep as
one moves down along the curve.
B. is a less desirable production possibilities curve for an economy than curve B.
C. is a more desirable production possibilities curve for an economy than curve A.
D. has a steeper slope throughout than curve B.