Under school voucher systems, financial support goes to
A. to the school.
B. to the state.
C. to the city.
D. to the family.
D. to the family.
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Demand elasticity equals quantity times price.
Answer the following statement true (T) or false (F)
The two major reasons for the tremendous growth in output in the U.S. economy over the last 125 years are
A) population growth and low inflation. B) population growth and increased productivity. C) low unemployment and low inflation. D) low inflation and low trade deficits.
Supply-side economists
a. focus almost exclusively on the supply-side effects of changes in the money supply. b. did not devote much attention to the supply-side effects of changes in income tax rates since the marginal income tax rate is very low and pertained only to the relatively wealthy. c. argued that cuts in marginal tax rates had very favorable supply-side effects. d. argue that government spending is at least as important as tax rates.
Adverse selection problems in health insurance are reduced by all of the following except: a. requiring physical exams
b. requiring patients to pay higher deductibles. c. insuring entire groups. d. by limiting the period of open enrollment in health insurance plans.