The Ironman Hawaii randomly draws a few hundred slots from thousands of applicants for the race
The method of allocation for the opportunity to participate in the race is ________, and the method of allocation for determining the winner of the race is ________. A) lottery; contest
B) contest; lottery
C) first-come, first-served; lottery
D) lottery; first-come, first-served
E) contest; command
A
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________ is necessary to "balance" the BOP statement
A) Reserve inflow B) Statistical discrepancy C) Debit transaction D) Credit transaction
An increase in the consumption of a good resulting from a reduction in price that makes the good cheaper in relation to other goods is called the:
a. substitution effect. b. income effect. c. real balance effect. d. inelasticity effect.
Regarding U.S. health care costs, it is correct to say that: a. Americans pay more for health care than people in other developed countries
b. U.S. health care costs are growing faster than the growth in other countries. c. The level of health care costs are the source of fiscal pain that societies around the globe are experiencing. d. All of these statements are true.
In 2012, the imaginary nation of Dorados had a population of 8,000 and real GDP of 3,000,000 . During the year its real GDP grew by about 2.9%. Which of the following sets of growth rates is consistent with this growth in real GDP?
a. 2% population growth and 6% real GDP growth b. 6% population growth and 2% real GDP growth c. 4% population growth and 7% real GDP growth d. 7% population growth and 4% real GDP growth