Health insurance was not an important policy issues prior to 1940 because _____
a. less than 10 percent of the U.S. population had health insurance
b. health care was so cheap
c. of the widespread ability of local charitable hospitals
d. most individuals were covered by veteran health benefits
a
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If a firm shuts down in the short run, will it have zero costs or not? Explain
What will be an ideal response?
A . Explain the difference between a closed shop and a union shop. b. Which of these would firms prefer? Why? c. Which of these would unions prefer? Why?
Slope will vary along a curve (as opposed to a straight line)
a. True b. False Indicate whether the statement is true or false
Which of the following would cause the equilibrium price of apple juice to decrease and the equilibrium quantity of apple juice to increase?
A) a decrease in the price of apples B) an increase in the price of apples C) an increase in the price of orange juice, a substitute for apple juice D) a decrease in the price of granola bars, a complement for apple juice