Which of the following is NOT a reason for the increase in health care costs?
A. the aging of the population
B. the decrease in the fertility rate
C. the implementation of new technologies
D. the increase in third party payments
Answer: B
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Refer to Figure 4-3. If the market price is $4.00, what is the maximum number of ice cream cones that Kendra will buy?
A) 0 B) 2 C) 3 D) 4
An economy's total labor income is $2 trillion, and total capital income is $1 trillion. In the Cobb-Douglas production function, the exponent on capital is ________
A) two-thirds B) one-half C) one-third D) 0.3 E) none of the above
The graph shown best represents:
A. a non-binding price ceiling.
B. a non-binding price floor.
C. a missing market.
D. a market for an inferior good.
The sum of capital inflows and the trade balance must be zero
a. True b. False Indicate whether the statement is true or false