As a percentage of GDP, health care spending in the United States has:
A. decreased substantially since 1960.
B. increased slightly since 1960.
C. increased substantially since 1960.
D. remained relatively constant since 1960.
Answer: C
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A current account deficit can occur if ________, all else equal
A) net national savings equals zero B) net factor income from abroad equals zero C) net exports are negative D) net investment income is negative
A perfectly horizontal demand curve has
A) zero elasticity. B) some positive finite elasticity. C) negative elasticity. D) perfect elasticity.
Reliance on indicators of productivity such as education, experience, and test scores may keep some very good people from getting a job and may result in hiring unproductive people. This is called:
a. worker prejudice. b. statistical discrimination. c. crowding out. d. disparate treatment. e. comparable worth.
Studies show that __________ households tend to save more of their income than others, and also show that ____________ households save more out of tax cuts than others do.
A. richer; poorer B. richer; richer C. poorer; richer D. poorer; poorer